A deposit is made each month into an annuity with x Euros, where x is your version number at the annual interest rate (x+ 30)/20 percent compounded monthly starting in January 2010. Which year and which month is there more than 10000 Euros in the account and how much is it there exactly? Note: A calculator may be used for this problem. The account may be assumed to have zero Euros balance before the first deposit.
A deposit is made each month into an annuity with x Euros, where x is your
version number at the annual interest rate (x+ 30)/20 percent compounded
monthly starting in January 2010. Which year and which month is there
more than 10000 Euros in the account and how much is it there exactly?
Note: A calculator may be used for this problem. The account may be
assumed to have zero Euros balance before the first deposit.
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by frost2016 3 hours ago