Question
For 15 years, Janet saved $400 at the beginning of every month in a fund that earned 5.5% compounded annually. a. What was the balance
For 15 years, Janet saved $400 at the beginning of every month in a fund that earned 5.5% compounded annually.
a.What was the balance in the fund at the end of the period?
Round to the nearest cent
b.What was the amount of interest earned over the period?
Round to the nearest cent
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Thomas Calculus Early Transcendentals
Authors: Joel R Hass, Christopher E Heil, Maurice D Weir
13th Edition
978-0321884077, 0321884078
