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Recently, More Money 4U offered an annuity that pays 6.3% compounded monthly. If $1,772 is deposited into this annuity everymonth, how much is in the
Recently, More Money 4U offered an annuity that pays 6.3% compounded monthly. If $1,772 is deposited into this annuity everymonth, how much is in the account after 8 years? How much of this isinterest?
Type the amount in theaccount: $____
(Round to the nearestdollar.)
Type the amount of interestearned: $____
(Round to the nearestdollar.)
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