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Russell's family is saving for Russell 's college education. They will deposit $610 at the beginning of each month into an investment account with a
Russell's family is saving for Russell 's college education. They will deposit $610 at the beginning of each month into an investment account with a fixed interest rate of 2.4% compounded monthly. They will do this for the next 6 years and 10 months, which is when Russell will start college. Answer the questions. Round answers to 2 decimal places. (A) How much will be in the account when Russell starts college? s (B) How much of the this total value is from interest? $ (C) What percentage of the total value in the account when Russell starts college is from interest? \%
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