Your parents will give you $100 every month for 4 years starting from the last day of this month. Suppose the annual int

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answerhappygod
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Your parents will give you $100 every month for 4 years starting from the last day of this month. Suppose the annual int

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Your parents will give you $100 every month for 4 years starting
from the last day of this month. Suppose the annual interest is 6
percent, but compounded monthly. If you saved every penny of your
allowance every month, how much will you have in four
years?
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