Question
For 18 years, Janet saved $450 at the beginning of every month in a fund that earned 3.75% compounded annually. a. What was the balance
For 18 years, Janet saved $450 at the beginning of every month in a fund that earned 3.75% 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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How To Understand Business Finance
Authors: Bob Cinnamon, Brian Helweg-Larsen
2nd Edition
0749460202, 978-0749460204
