Alex makes deposits of $270 every month for 3 years into a savings account earning 2.5% compounded semi-annually. How much interest did Alex earn?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section: Chapter Questions
Problem 29RE: Alejandro deposits $80 of his monthly earnings into an annuity that earns 6.25% annual interest,...
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Alex makes deposits of $270 every month for 3 years into a savings account earning
2.5% compounded semi-annually. How much interest did Alex earn?
Transcribed Image Text:Alex makes deposits of $270 every month for 3 years into a savings account earning 2.5% compounded semi-annually. How much interest did Alex earn?
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