For 8 years, Yvette deposits $100 at the end of each month into an annuity paying 6%

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For 8 years, Yvette deposits $100 at the end of each month into an annuity paying 6% annual interest compounded monthly.
(a) Find the total amount Yvette deposits into the account over the 8 years.

(b) Find the final amount Yvette will have on deposit at the end of the 8 years.
(c) How much interest did Yvette earn?

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Calculus With Applications

ISBN: 9780135871348

12th Edition

Authors: Margaret L. Lial

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Question Posted: Jan 24, 2023 08:52 AM

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For 8 years, Yvette deposits $100 at the end of each month into an annuity paying 6%

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Yvettes payments form an ordinary annuity with R 100 n 128 ...View the full answer

Calculus With Applications

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