Sue wants to leave her grandson a nice inheritance. She has decided to deposit $250.00 each month into an ordinary annuity that earns 4.5% compounded monthly.

a) How much will be in the account after 15 years?  Round your final answer to the nearest cent.  Assume the interest rate stays the same while the account is open.

b) What is the sum of all of Sue's deposits? 

c) How much interest, in total, did her account earn?

Answer rating: 100% (QA)

a To calculate the amount that will be in the account after 15 years we can use the formula for the ... View the full answer