Solution-Determining the accumulated amount

Determining the accumulated amount

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Reference no: EM131171720

Ralph Bogita saves $85.00 at the end of each month and deposits the money in an account, paying 2.5% compounded semi-annually.

a) How much will he accumulate in 24 years?

b) How much of the accumulated amount is interest?

Reference no: EM131171720

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Determining the accumulated amount

Reference no: EM131171720

Reference no: EM131171720

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