Mathematics

5 August, 16:02

Jasper decided to save $100 at the end of each month for a year and deposit it in a bank account that earns an annual interest rate of 0.3%, compounded monthly. Use the formula for an annuity, F, to determine how much money will be in the account at the end of the 6th month, rounding your answer to the nearest penny.

Note: Your interest rate must be converted to a decimal

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