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11 August, 21:24

If a person deposited $50 a month for 6 years earning 8%, this would involve what type of computation

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  1. 11 August, 21:33
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    50*12 = 600 put 600$ a year

    600 (1.08) ^6 the power represents 6 years and 1.08 represents the percentage. (its gain so remember to add the 1 with 0.08.)

    You earn $952.12.
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