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A business offers its employees the option to save money through an annuity. Specifically, it offers an annuity that pays 3.6% interest compounded monthly. If
A business offers its employees the option to save money through an annuity. Specifically, it offers an annuity that pays 3.6% interest compounded monthly.
- If $300 is deposited into this annuity every month, how much will be in the account after 5 years? Round to the nearest cent.
- How much is interest? Round to the nearest cent.
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
8th Edition
1264098723, 978-1264098729
