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saves $22 at the end of each week and deposits the money in an account paying 7% compounded monthly. How much will Laura accumulate in

saves

$22

at the end of each

week

and deposits the money in an account paying

7%

compounded

monthly.

How much will

Laura

accumulate in

7

years? How much of the accumulated amount is interest?

image text in transcribed

Laura will accumulate $ in 7 years. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) After 7 years, $ of the accumulated amount is interest. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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