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For 15 years, Janet saved $300 at the beginning of every month in a fund that earned 4.75%
compounded annually. a. What was the balance in the fund at the end of the period? Round to the
nearest cent b. What was the amount of interest earned over the period? Round to the nearest
cent

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For 15 years Janet saved 300 at the beginning of every mon.pdf

  • 1. For 15 years, Janet saved $300 at the beginning of every month in a fund that earned 4.75% compounded annually. a. What was the balance in the fund at the end of the period? Round to the nearest cent b. What was the amount of interest earned over the period? Round to the nearest cent