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  3. ?recently, more money 4u offered an annuity that p

?Recently, More Money 4U offered an annuity that pays 6.0 % compounded monthly. If $1,828 is...

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Advance Math

?Recently, More Money 4U offered an annuity that pays 6.0 %compounded monthly. If $1,828 is deposited into this annuity every?month, how much is in the account after 11 ?years? How much of thisis? interest?

Type the amount in the? account: ?(Round to the nearest?dollar.)

Type the amount of interest? earned: ?(Round to the nearest?dollar.)

Answer & Explanation Solved by verified expert
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annuity is two types when the payments are made at beginning of the each month then it is called annuity due when the payments are made at end of the each month then it is called ordinary annuity so let us find the annuity due first annuity due We can use the formula for finding the    See Answer
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