deposits are made into an account that earns 7% compounded annually. deposits of $100 each were...
Homework Answers
From March 1 2015 to January 1 2018 number of Month = 2 year 10
months = 34/12 years
From Sep 1 2016 to January 1 2018 number of Month = 1
year 4 months = 4/3 years
The Balance of account in Jan 1, 2018 = 100*(1+7%)34/12
+ 100*(1+7%)4/3 = 230.57
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