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Finance Assignment | Professional Writing

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May 26th, 2020

5. (10 points) Laura has a trust fund from her grandfather which pays her $300 at the end of each month.

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Homework For You

Since she doesn’t need the money to live on, she is depositing it in a savings account paying 4.75% interest per year compounded monthly. How much will she have in six years? (Round your answer to the nearest dollar)

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