The $100 we deposit at the end of the first month will earn interest for 11 months and at the end of the year will be worth The $100 deposited at the end of the second month will have 10 months to gro...The $100 we deposit at the end of the first month will earn interest for 11 months and at the end of the year will be worth The $100 deposited at the end of the second month will have 10 months to grow, and will be worth \(A = 100(1.005)^{10}\) at the end of the year. If the compounding frequency is not explicitly stated, assume there are the same number of compounds in a year as there are deposits made in a year.
