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Anika deposited $ 2 8 , 0 0 0 into a fund at the beginning of every quarter for 1 2 years. He then stopped
Anika deposited $ into a fund at the beginning of every quarter for years. He then stopped making deposits into the fund and allowed the investment to grow for more years. The fund was growing at compounded monthly. a What was the accumulated value of the fund at the end of year Round to the nearest cent b What was the accumulated value of the fund at the end of year Round to the nearest cent c What is the total amount of interest earned over the year period? Round to the nearest cent
Anika deposited $ into a fund at the beginning of every quarter for years. He then stopped making deposits into the fund and allowed the investment to grow for more years. The fund was growing at compounded monthly.
a What was the accumulated value of the fund at the end of year
Round to the nearest cent
b What was the accumulated value of the fund at the end of year
Round to the nearest cent
c What is the total amount of interest earned over the year period?
Round to the nearest cent
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