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When Jack started his job working for an industrial manufacturing company, he contributed $250 at the end of each month into a savings account that

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When Jack started his job working for an industrial manufacturing company, he contributed $250 at the end of each month into a savings account that earned 2.4 % interest compounded monthly for 9 years. At the end of the 9th year, Jack was laid off and stopped making payments into the account. Fortunately, Jack's wife job brought in enough income that could barely meet the family expenses while Jack was laid off; so he did not add or withdraw any money while he was unemployed. At the end of the second year of being unemployed, Jack found another job and started contributing $145 back into the savings account at the end of each month for the next 15 years. Do the following: A. How much money would he have in the account at the end of the 15 years of working at his second place of employment? Use the TVM Solver to solve this problem. Show all the necessary work that you need perform to arrive at the answer. (12 points) B. Determine the total interest that Jack earned from the time he opened the account to the end of the 15th year at his second place of employment. (12 points)

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