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For 19 years, Janet saved $400 at the beginning of every month in a fund that earned 4.25%
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 19 years- Janet saved $400 at the beginning of every month in a fu.pdf

  • 1. For 19 years, Janet saved $400 at the beginning of every month in a fund that earned 4.25% 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