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What was the amount of interest earned over the period

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Reference no: EM132940631

For 22 years, Janet saved $1,150 at the beginning of every month in a fund that earned 5.25% compounded annually.

Problem a. What was the balance in the fund at the end of the period?

Problem b. What was the amount of interest earned over the period?

Reference no: EM132940631

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