Money and banking question?

How do i solve thes question in money banking, finance and auditing mathematics?

  • 1) you decide to open a Christmas club account at a bank that pays 6% annual interest compounded monthly. you deposit $100 on the first of January and on the first of each succeeding ...show more

  • Answer:

    If you know of a bank that pays 6%, please give us the bank's name and address. I can't find a bank that pays more than 1%.

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