Question: answer in the open space provided. (1) In order to accumulate enough money for a down payment on a car, Karl deposits $100 per month

answer in the open space provided. (1) In order to accumulate enough money for a down payment on a car, Karl deposits $100 per month into an account paying 1.75% compounded monthly. If payments are made at the end of each period, how much money will be in the account in 18 months? How much interest will Karl have earned? N 1% = PV PMT FV P/Y = C/Y TOTAL AMOUNT: INTEREST EARNED

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