Question: Having eamed a bonus at his work, Rick placed the money in an imvestment eaming 4.26% compounded monthly. He withdrew $399 at the end of

 Having eamed a bonus at his work, Rick placed the money

Having eamed a bonus at his work, Rick placed the money in an imvestment eaming 4.26% compounded monthly. He withdrew $399 at the end of every month for the noxt 3 years. (a) What was the amount of the bonus? (b) If he made all of the withdrawals as plannod, how much interest was paid? (a) The amount of the bonus is $ (Round the final answer to the nearest cent as needed. Round all intermediate valuos to siox decimal places as needed.) (b) The interest pald is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal ploces as needed.)

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