Question 1147954
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<pre>

For your problem, the general formula is

    Future value = {{{500*(1+0.11/12)^n}}},

where "n" is the number of months.



For example,  for 1 month  (n= 1)

    Future value = {{{500*(1+0.11/12)^1}}} = 504.58 dollars.



Next, for 6 months

    Future value = {{{500*(1+0.11/12)^6}}} = 528.14 dollars.



Do the rest by the same way.
</pre>

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