How much will joe have in his account by the end of year

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Joe plans to deposit $200 at the end of each month into a bank account for a period of 3 yr, after which he plans to deposit $300 at the end of each month into the same account for another 4 yr. If the bank pays interest at the rate of 7%/year compounded monthly, how much will Joe have in his account by the end of 7 yr?

Reference no: EM131323195

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