Recently, More Money 4U offered an annuity that pays 4.5% compounded monthly. If $1,850 is deposited into this annuity every month, how much is in the account after 12 years? How much of this is interest? Type the amount in the account $____? (Round to the nearest dollar)
Recently, More Money 4U offered an annuity that pays 4.5% compounded monthly. If $1,850 is deposited into this annuity every month, how much is in the account after 12 years? How much of this is interest? Type the amount in the account $____? (Round to the nearest dollar)
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 56SE: To get the best loan rates available, the Riches want to save enough money to place 20% down on a...
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Recently, More Money 4U offered an annuity that pays 4.5% compounded monthly. If $1,850 is deposited into this annuity every month, how much is in the account after 12 years? How much of this is interest?
Type the amount in the account $____?
(Round to the nearest dollar)
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