Recently, More Money 4U offered an annuity that pays 6.3% compounded monthly. If $1,109 is deposited into this annuity every month, how much is in the account after 7 years? How much of this is interest?

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how much is in the account after seven years?

how much of this is interest?

Recently, More Money 4U offered an annuity that pays 6.3% compounded monthly. If $1,109 is deposited into this annuity every month, how much is in the account
after 7 years? How much of this is interest?
Transcribed Image Text:Recently, More Money 4U offered an annuity that pays 6.3% compounded monthly. If $1,109 is deposited into this annuity every month, how much is in the account after 7 years? How much of this is interest?
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