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rom opened a retirement account barming 3.5% interest per year, compounded monthly. He deposited 565 each month. Assume that no other deposits of withdrawals were

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rom opened a retirement account barming 3.5% interest per year, compounded monthly. He deposited 565 each month. Assume that no other deposits of withdrawals were made. Answer the following. writing youir answers to the nearest dollar. (a) Use the ALEis Periodic Deposic Calculator to find the account balance at the end of each time period. (b) Use the answers in part (a) to find the increase in the account during each period (c) Select True or False. The amount in the account grew faster gver fme. (The increase was greatest in Perind:3.3 Truite False (d) Select the true stateinent about the deposits made. The ompunt of money deposited during the period was the same for each period. There was more mopey depostted during Period 3 than Period 2. rom opened a retirement account barming 3.5% interest per year, compounded monthly. He deposited 565 each month. Assume that no other deposits of withdrawals were made. Answer the following. writing youir answers to the nearest dollar. (a) Use the ALEis Periodic Deposic Calculator to find the account balance at the end of each time period. (b) Use the answers in part (a) to find the increase in the account during each period (c) Select True or False. The amount in the account grew faster gver fme. (The increase was greatest in Perind:3.3 Truite False (d) Select the true stateinent about the deposits made. The ompunt of money deposited during the period was the same for each period. There was more mopey depostted during Period 3 than Period 2

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