



 
George, If you are expected to use the standard formula to solve this problem then here is the formula where S is the value at the end of the time period, R is the amount of the monthly deposit, i is the interest rate per period (for your question i = 0.10/12) and n is the number of periods (number of months). If you are to answer this from first principles, without the formula, write back. Harley  


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