For 17 years, Janet saved $750 at the beginning of every month in a fund...
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For 17 years, Janet saved $750 at the beginning of every month in a fund that earned 5.17% compounded annually. (Question based on: Annuities (Future and Present Value Calculations for Ordinary Simple and General Annuity)
a. What was the balance in the fund at the end of the period?
___________________ Round to the nearest cent
b. What was the total amount of interest earned over the period?
_____________________ Round to the nearest cent
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