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You want to begin building your emergency savings fund of 6 months of monthly expenses. Based...

You want to begin building your emergency savings fund of 6 months of monthly expenses. Based on your budget you have determined that you can save $250 per month toward this fund. You choose a savings account at a local Credit Union that is paying 2.0% interest, compounded monthly. At this amount and rate of interest, how much will you have in the savings account in 12 months? In 24 months?

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