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Savings Assignment | Homework For You

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December 18th, 2019

John is saving for a car in a bank account that pays 12% interest, compounded monthly. The balance is now $ 2,400. Clem will be saving $ 120 per month from his salary, and once every four months (starting in 4 months) he adds $ 200 in dividends from an investment. Bank fees, currently $ 10 per month, are expected to Increase by $ 1 per month henceforth. How much will Clem have saved in two years? Get Economics homework help todayHomework For You

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