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On September 8, Bert Sarkis started an annuity. He arranged to have $65 deducted from his end-
of-month paychecks. The money would earn 9% interest compounded monthly.
(a) Find the future value of the account on December 1 using an Amortization Formula. (Round
your answer to the nearest cent.)
$
(b) Find the future value of the account on December 1 by applying the Compound Interest
Formula to each payment individually. (Round your answer to the nearest cent.)
$
(c) Find Bert's total contribution to the account.
$
(d) Find the total interest. (Round your answer to the nearest cent.)
$
(a) Find the future value of the account on December 1 using an Amortization Formula. (Round
your answer to the nearest cent.)
$
(b) Find the future value of the account on December 1 by applying the Compound Interest
Formula to each payment individually. (Round your answer to the nearest cent.)
$
(c) Find Bert's total contribution to the account.
$
(d) Find the total interest. (Round your answer to the nearest cent.)
$

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  • 1. On September 8, Bert Sarkis started an annuity. He arranged to have $65 deducted from his end- of-month paychecks. The money would earn 9% interest compounded monthly. (a) Find the future value of the account on December 1 using an Amortization Formula. (Round your answer to the nearest cent.) $ (b) Find the future value of the account on December 1 by applying the Compound Interest Formula to each payment individually. (Round your answer to the nearest cent.) $ (c) Find Bert's total contribution to the account. $ (d) Find the total interest. (Round your answer to the nearest cent.) $ (a) Find the future value of the account on December 1 using an Amortization Formula. (Round your answer to the nearest cent.) $ (b) Find the future value of the account on December 1 by applying the Compound Interest Formula to each payment individually. (Round your answer to the nearest cent.) $ (c) Find Bert's total contribution to the account. $ (d) Find the total interest. (Round your answer to the nearest cent.) $