ClassPad 330 Plus Manual

20060301
15-3-2
Compound Interest
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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?
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Example 2
If you deposit $100 into an account that earns 7% compounded monthly, how much will be in
the account after three years?