evin deposits $1220.33 each quarter into an annuity account for his child's college fund in order to accumulate a future value of $95,000 in 15 years. How much of th 95,000 will Kevin ultimately deposit in the account, and how much is interest earned? Round your answers to the nearest cent, if necessary. nswer ow to enter your answer (opens in new window) Amount Kevin will deposit: $ Interest earned: $ Formul Keypac Keyboard Shortcu

evin deposits $1220.33 each quarter into an annuity account for his child's college fund in order to accumulate a future value of $95,000 in 15 years. How much of th 95,000 will Kevin ultimately deposit in the account, and how much is interest earned? Round your answers to the nearest cent, if necessary. nswer ow to enter your answer (opens in new window) Amount Kevin will deposit: $ Interest earned: $ Formul Keypac Keyboard Shortcu

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

Chapter2: Solving Linear Equations

Section2.2: Use A Problem Solving Strategy

Problem 2.49TI: Nathaly deposited $12,500 in her bank account where it will earn 4% simple interest. How much...

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Round your answers to the nearest cent, if necessary.

Kevin deposits $1220.33 each quarter into an annuity account for his child's college fund in order to accumulate a future value of $95,000 in 15 years. How much of the
$95,000 will Kevin ultimately deposit in the account, and how much is interest earned? Round your answers to the nearest cent, if necessary.
Answer
How to enter your answer (opens in new window)
Amount Kevin will deposit: $
Interest earned: $
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