Question
For 18 years, Janet saved $300 at the beginning of every month in a fund that earned 3.25% compounded annually. a. What was the balance
For 18 years, Janet saved $300 at the beginning of every month in a fund that earned 3.25% 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 Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
5th Edition
9780135811603
