Question
Derek saved $220 at the end of every month for 4 years in her bank account that earned 4.70% compounded monthly. a. What is the
Derek saved $220 at the end of every month for 4 years in her bank account that earned 4.70% compounded monthly.
a. What is the accumulated value of her savings at the end of the period?
$11,328.62
$11,592.99
$123,669.05
$1,032.99
b. What is the interest earned over the period?
$812.99
$11,592.99
$1,252.99
$1,032.99
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The Handbook Of Traditional And Alternative Investment Vehicles Investment Characteristics And Strategies
Authors: Mark J. P. Anson, Frank J. Fabozzi, Frank J. Jones
1st Edition
0470609737, 978-0470609736
