Question 19. Find the balance on an account if you invest $ 407 at 3.9 % for 13 years compounded monthly. $ (round to the nearest cent)

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.59TI: New grandparents decide to invest 3200 per month in an annuity for their grandson, The account will...
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Question 19. Find the balance on an account if you invest $ 407 at 3.9 % for 13 years compounded monthly.
$ (round to the nearest cent)
Transcribed Image Text:Question 19. Find the balance on an account if you invest $ 407 at 3.9 % for 13 years compounded monthly. $ (round to the nearest cent)
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