Question
Sanjay wants to buy a condominium in 3 yrs. He's planning to save for down payment. He plans to deposit $2500 at the beginning of each year into a savings account. The savings account pays 2.25% interest, compounded monthly.
How much money will Sanjay have at the end of 3 yrs?
How much money will Sanjay have at the end of 3 yrs?
Answers
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