Cam saved $290 each month for the last four years while he was working. Since...
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Cam saved $290 each month for the last four years while he was working. Since he has now gone back to school, his income is lower and he cannot continue to save this amount during the time he is studying. He plans to continue with his studies for five years and not withdraw any money from his savings account. Money is worth 4.2% compounded monthly. (a) How much will Cam have in total in his savings account when he finishes his studies? (b) How much did he contribute? (c) How much will be interest? (a) The future value is $__. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) Cam contributed $__. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (c) The interest is $__. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Cam saved 5290 sach monitor the last four years wil he was working since wine back to school, his income in uw he cannot to save this acum curing ettei sing Helans to continue with his vyewe ndo www money from account. Money 49 compounded monthly How much wit can have in tota in his savings account when he freshes his stu? mi owuch did he contribute? cow much weiteret? The vi Roed te twee wetent as needet. Found andere le bois decimal places Cam contes found flower to the recentes del and medical les The onde frallontana Honda imediat capaces are

Cam saved $290 each month for the last four years while he was working. Since he has now gone back to school, his income is lower and he cannot continue to save this amount during the time he is studying. He plans to continue with his studies for five years and not withdraw any money from his savings account. Money is worth 4.2% compounded monthly.
(a) How much will Cam have in total in his savings account when he finishes his studies?
(b) How much did he contribute?
(c) How much will be interest?
(a) The future value is $__.
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
(b) Cam contributed $__.
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
(c) The interest is $__.
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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