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Jose opened a retirement account earning  2.5% interest per year, compounded monthly. He deposited $50 each month. Assume that no other deposits or withdrawals were made. Answer…

Jose opened a retirement account earning  2.5% interest per year, compounded monthly. He deposited $50 each month. Assume that no other deposits or withdrawals were made. Answer…
asked 134k views
5 votes
Jose opened a retirement account earning 

2.5%

 interest per year, compounded monthly. He deposited 

$50

 each month. Assume that no other deposits or withdrawals were made.

Answer the following, writing your answers to the nearest dollar.​

asked
User Mfawzymkh
by
8.2k points

1 Answer

3 votes

Answer:

75$

Explanation:

answered
User Steve Johnson
by
7.8k points
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