2006maddie 2006maddie

01-04-2021
Mathematics

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Please help!!! Rachael deposits $1,500 into a retirement fund each year. The fund earns 8.2% annual interest, compounded monthly. If she opened her account when she was 19 years old, how much will she have by the time she is 55? How much of that amount will be interest earned?

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sc36772 sc36772

01-04-2021

Answer:$82,500

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