What does the x equal
2 answers:
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Answer:
Beatrice will accumulate $1230.72 at the end of the year.
Step-by-step explanation:
We can write:
for deposits
The first month would have only the deposit reflected in her balance, then, expanding some steps of the calculation would yield:
A geometric series is given by:
Translating our series to the short form:
plugin in the values for the 12 month gives: