Recently, More Money 4U offered an annuity that pays 6.3% compounded monthly. If $2,489 is deposited into this annuity every month, how much is in the account after 7 years? How much of this is interest? Type the amount in the account: $ (Round to the nearest dollar.) View an example Get more help @ 2 #3 E W LLI $ 674 % 2º5 + √i ♥I (1,1) More MacBook Pro 16 27 R T Y U * ( ) 8 00 9 Clear all Check answer + 11 0 P { } [ ] ? S D F LL G H J K L L X C V B N M H H command option and delete ret
Recently, More Money 4U offered an annuity that pays 6.3% compounded monthly. If $2,489 is deposited into this annuity every month, how much is in the account after 7 years? How much of this is interest? Type the amount in the account: $ (Round to the nearest dollar.) View an example Get more help @ 2 #3 E W LLI $ 674 % 2º5 + √i ♥I (1,1) More MacBook Pro 16 27 R T Y U * ( ) 8 00 9 Clear all Check answer + 11 0 P { } [ ] ? S D F LL G H J K L L X C V B N M H H command option and delete ret
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter8: Sequences, Series, And Probability
Section8.4: Geometric Sequences And Series
Problem 7SC
Question
![Recently, More Money 4U offered an annuity that pays 6.3% compounded monthly. If $2,489 is deposited into this annuity every month, how much is in the account after 7 years? How much of
this is interest?
Type the amount in the account: $
(Round to the nearest dollar.)
View an example
Get more help
@
2
#3
E
W
LLI
$
674
%
2º5
+
√i ♥I
(1,1)
More
MacBook Pro
16
27
R
T
Y
U
*
(
)
8
00
9
Clear all
Check answer
+ 11
0
P
{
}
[
]
?
S
D
F
LL
G
H
J
K
L
L
X
C
V
B
N
M
H
H
command
option
and
delete
ret](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F92b423a2-e41d-434d-99df-8c2f27345887%2Fd9bc84f8-cc60-4a78-875f-16353a575c44%2Fjh1s8fk_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Recently, More Money 4U offered an annuity that pays 6.3% compounded monthly. If $2,489 is deposited into this annuity every month, how much is in the account after 7 years? How much of
this is interest?
Type the amount in the account: $
(Round to the nearest dollar.)
View an example
Get more help
@
2
#3
E
W
LLI
$
674
%
2º5
+
√i ♥I
(1,1)
More
MacBook Pro
16
27
R
T
Y
U
*
(
)
8
00
9
Clear all
Check answer
+ 11
0
P
{
}
[
]
?
S
D
F
LL
G
H
J
K
L
L
X
C
V
B
N
M
H
H
command
option
and
delete
ret
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