Al the end of each month, $300 is deposited into a savings account paying 2.9% interest compounded monthly. The balance after 11 years will be $46,579.29. What the amount of interest earmed? A..... The amount of interest earned is $ (Round to the nearest cent as needed.)

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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At the end of each month, $300 is deposited into a savings account paying 2.9% interest compounded monthly. The balance after 11 years wil be $46,579.29. What
the amount of interest eamed?
A.....
The amount of interest earned is S
(Round to the nearest cent as needed.)
Transcribed Image Text:At the end of each month, $300 is deposited into a savings account paying 2.9% interest compounded monthly. The balance after 11 years wil be $46,579.29. What the amount of interest eamed? A..... The amount of interest earned is S (Round to the nearest cent as needed.)
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