Question
On September 8, Bert Sarkis started an annuity. He arranged to have $90 deducted from his end-of-month paychecks. The money would earn 8% interest compounded
On September 8, Bert Sarkis started an annuity. He arranged to have $90 deducted from his end-of-month paychecks. The money would earn 8% interest compounded monthly.
(a) Find the future value of the account on December 1 using an Amortization Formula. (Round your answer to the nearest cent.) $ (b) Find the future value of the account on December 1 by applying the Compound Interest Formula to each payment individually. (Round your answer to the nearest cent.) $ (c) Find Bert's total contribution to the account. $ (d) Find the total interest. (Round your answer to the nearest cent.
show work please. Been struggling with this one
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