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Rhea wants to save for a new car. She found an ordinary annuity that earns 4 % 4% interest. She plans to deposit $130.00 into
Rhea wants to save for a new car. She found an ordinary annuity that earns 4 % 4% interest. She plans to deposit $130.00 into her account each month for 4 years. For each question round your final answer to the nearest cent. Assume the interest rate stays the same while the account is open.
How much interest, in total, will she earn?
How much will she deposit, in total?
What will be the ending account balance?
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