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For 16 years, Janet saved $700 at the beginning of every month in a fund that earned 4.75% compounded annually. QUE 1. What was the
For 16 years, Janet saved $700 at the beginning of every month in a fund that earned 4.75% compounded annually.
QUE 1. What was the balance in the fund at the end of the period?
QUE 2. What was the amount of interest earned over the period?
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