Recently, More Money 4U offered an annuity that pays 5.1% compounded monthly. If $1,404 is deposited...

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Recently, More Money 4U offered an annuity that pays 5.1% compounded monthly. If $1,404 is deposited into this annuity every month, how much is in the account after 9 years? How much of this is interest? Type the amount in the account: $ (Round to the nearest dollar.) Recently, More Money 4U offered an annuity that pays 5.1% compounded monthly. If $1,404 is deposited into this annuity every month, how much is in the account after 9 years? How much of this is interest? Type the amount in the account: $ (Round to the nearest dollar.)

Answer rating: 100% (QA)

Amount in the account after 9 years 1404878 Interest earned after 9 years 460314 According to what I ... View the full answer