Problem 16 Intro In order to save for your child's college education, you want to save $100 every month for 15 years, starting one month from now. The monthly interest rate on your savings account is 0.5%. Attempt 1/10 for 10 pts. Part 1 How much money will you have in your account in 15 years? 0+ decimals Submit
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The monthly interest rate is given as 0.5%, which is equivalent to 0.005 in decimal form. Show more…
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