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K Recently, More Money 4U offered an annuity that pays 5.4% compounded monthly. If $2,005 is deposited into this annuity every month, how much is in the account after 5 years? How much of this is interest? Type the amount in the account: $ (Round to the nearest dollar.) CICE

K Recently, More Money 4U offered an annuity that pays 5.4% compounded monthly. If $2,005 is deposited into this annuity every month, how much is in the account after 5 years? How much of this is interest? Type the amount in the account: $ (Round to the nearest dollar.) CICE

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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K Recently, More Money 4U offered an annuity that pays 5.4% compounded monthly. If $2,005 is deposited into this annuity every month, how much is in the account after 5 years? How much of this is interest? Type the amount in the account: (Round to the nearest dollar.) View an example 80 F3 Ask my instructor $ ODO OOD F4 % F5 MacBook Air F6 & F7 C * DII F8 ( DD F9 ) F10 Clear all F11 + Check answer F12 a
Transcribed Image Text:K Recently, More Money 4U offered an annuity that pays 5.4% compounded monthly. If $2,005 is deposited into this annuity every month, how much is in the account after 5 years? How much of this is interest? Type the amount in the account: (Round to the nearest dollar.) View an example 80 F3 Ask my instructor $ ODO OOD F4 % F5 MacBook Air F6 & F7 C * DII F8 ( DD F9 ) F10 Clear all F11 + Check answer F12 a
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