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For 37 years, Janet saved $250 at the beginning of every month in a fund that earned 5.47%
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 total amount of interest earnet over the period? Round to the
nearest cent

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For 37 years Janet saved 250 at the beginning of every mon.pdf

  • 1. For 37 years, Janet saved $250 at the beginning of every month in a fund that earned 5.47% 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 total amount of interest earnet over the period? Round to the nearest cent