Find the future value of the account

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On September 19, Lynn Alright started an annuity. She arranged to have $100 deducted from her beginning-of-month paycheck. The money would earn 9% interest compound monthly.

(a) Find the future value of the account on December 1 using an Amortization Formula. (Round answer to the nearest cent.) $_____

(b) Find the future value of the account on December 1 by applying the Compound Interest Formula to each payment individually. (Round answer to the nearest cent.) $_____  

(c) Find Lynn's total contribution to the account. $_____  

(d) Find the total interest. (Round answer to the nearest cent.) $_____

Reference no: EM132036706

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