For 8 years, Tobi Casper deposits $100 at the end of each month into an annuity paying
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For 8 years, Tobi Casper deposits $100 at the end of each month into an annuity paying 6% annual interest compounded monthly.
a. Find the total amount Tobi deposits into the account over the 8 years.
b. Find the final amount Tobi will have on deposit at the end of the 8 years.
c. How much interest did Tobi earn?
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Related Book For
Calculus With Applications
ISBN: 9780321831101
10th Edition
Authors: Margaret L Lial, Raymond N Greenwell, Nathan P Ritchey
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