For 16 years, Janet saved $250 at the beginning of every month in a fund that earned 5.75% compounded annually. a. What was the balance in the fund at the end of the period? $77,781.78 Round to the nearest cent b. What was the amount of interest earned over the period? $29,781.78 X Round to the nearest cent

For 16 years, Janet saved $250 at the beginning of every month in a fund that earned 5.75% compounded annually. a. What was the balance in the fund at the end of the period? $77,781.78 Round to the nearest cent b. What was the amount of interest earned over the period? $29,781.78 X Round to the nearest cent

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter7: Exponents And Exponential Functions

Section: Chapter Questions

Problem 69SGR

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