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Billy opens a bank account earning interest at 2.8% p.a. compounding monthly. Every month Billy deposits $150, which he does for 2 years. Then for
Billy opens a bank account earning interest at 2.8% p.a. compounding monthly. Every month Billy deposits $150, which he does for 2 years. Then for the next 2 years Billy deposits $250 per month.
Calculate how much is in the account at the end of 4 years, and, how much interest has been earned over the 4 years.
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Enter your answer as 2 decimal numbers with no dollar signs, separated by a comma [no spaces]; e.g. for $1500.00 as the balance, and $950.00 as the interest, enter:1500.00,950.00
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