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Recently, More Money 4U offered an annuity that pays 5.7% compounded monthly. If $1,189 is deposited into this annuity every month, how much is in
Recently, More Money 4U offered an annuity that pays 5.7% compounded monthly. If $1,189 is deposited into this annuity every month, how much is in the account after 9 years? How much of this is interest?
Type the amount in the account: $____
Type the amount of interest earned: $____
Please do not round any numbers.
(Please square, label, or circle the answer)
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Advanced Financial Reporting And Analysis
Authors: John Dunn, Margaret Stewart
1st Edition
0470973609, 9780470973608
