Suppose your parents are helping you invest money to save for your future. They open an account for you in January with an initial deposit of $200 that is compounded monthly at a rate of 3.6%. From now on, at the end of each month , you will deposit $200. How much money will be in your account at the end of the year ?

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step-by-step explanation:

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step-by-step explanation:

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answer

d. 10

explanation

the distance from point y to wx is the height of the triangle.

using pythagoras theorem,

group similar terms to get,

this implies that,

take positive square root of both sides to get,

this implies that,