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  3. e withdrew $360 having earned a bonus at his work,

e withdrew $360 Having earned a bonus at his work, Rick placed the money in...

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Accounting

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e withdrew $360 Having earned a bonus at his work, Rick placed the money in an investment earning 5.38% compounded monthly. H at the end of every month for the next 3 years. (a) What was the amount of the bonus? (b) If he made all of the withdrawals as planned, how much interest was paid? (a) The amount of the bonus is $ (Round the final answer to the nearest cent as needed. Round all intormediate values to six decimal places as needed.) (b) The interest paid is s (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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