Question: Pls advise if could assist with solution Having earned a bonus at his work, Rick placed the money in an investment earning 6.76% compounded monthly.

Pls advise if could assist with solution

Pls advise if could assist with solution Having
Having earned a bonus at his work, Rick placed the money in an investment earning 6.76% compounded monthly. He withdrew $285 at the end of every month for the next 6 years. (a) What was the amount of the bonus? (b) If he made all of the withdrawals as planned, how much interest was paid? (a) The amount of the bonus is $ . (Round the nal answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) The interest paid is $ . (Round the nal answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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