Question: Having eamed a bonus at his work, Rick placed the monoy in an investment eaming 623% compounded monthly He withdrew $254 at the end of
Having eamed a bonus at his work, Rick placed the monoy in an investment eaming 623% compounded monthly He withdrew $254 at the end of avery month for the next 3 years (a) What was the amount of the bonus? (b) If the made all of the withdrawals as planned, how much interest was pad? (a) The arivust of the bonts is 5 (Round the final answer to the neatest cent its noeded. Round all intermediate values to sx decmal places as needed.) (b) The interest paid is $ (Round the final answer fo the nearest cent as needed Round al intermediate valises to sax docimal places as needed)
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