Future Value Six years from now, Nicole will need a new tractor for her farm. Starting next month, she is going to put $100 in the bank each month to save for the inevitable purchase. Six years from now the kth bank deposit will be worth $100(1.005)72–k(due to compounded interest). Write a formula for the accumulated amount of money from her 72 bank deposits. Use your calculator to determine how much Nicole will have available towards her tractor purchase.
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