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For 9 years, Janet saved $750 at the beginning of every month in a fund that earned 4.5% compounded annually. a. What was the balance
For 9 years, Janet saved $750 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
Amy secured a 5-year car lease at 6.20% compounded annually that required him to make payments of $888.64 at the beginning of each month. Calculate the cost of the car if he made a downpayment of $3,750. Round to the nearest cent
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