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QUESTION
John Smith invests $50 a month for 5 years into an account earning 8% compounded monthly. After 5 years, he leaves the money, without making...
John Smith invests $50 a month for 5 years into an account earning 8% compounded monthly. After 5 years, he leaves the money, without making additional deposits, in the account for another 25 years. How much will John have in the end?
