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Casio 330 User Manual

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20060301

15-3-2

Compound Interest

I Example 3

What will be the value of an ordinary annuity at the end of 10 years if $100 is deposited each
month into an account that earns 7% compounded monthly?

I Example 2

If you deposit $100 into an account that earns 7% compounded monthly, how much will be in
the account after three years?