Math Problem Statement
Una persona deposita 2,300 cada mes vencido en una cuenta de ahorro que le paga el 9.3% anual capitalizable cada mes.
¿Cuánto habrá ahorrado al cabo de cinco años? $
Solution
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Math Problem Analysis
Mathematical Concepts
Compound Interest
Annuities
Savings Growth
Formulas
Future Value of an Annuity FV = PMT × ((1 + r)^n - 1) / r
Theorems
Compound Interest Theorem
Suitable Grade Level
College Level or Advanced High School
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