Question
For 17 years, Janet saved $1,150 at the beginning of every month in a fund that earned 4.5% compounded annually. a. What was the balance
For 17 years, Janet saved $1,150 at the beginning of every month in a fund that earned 4.5% 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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Fundamentals of Cost Accounting
Authors: William Lanen, Shannon Anderson, Michael Maher
4th edition
78025524, 978-0078025525
