You plan to deposit $100 each month into an investment account that is earning an...
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Accounting
You plan to deposit $100 each month into an investment account that is earning an average of 7% interest, compounded monthly. If you continue to save this amount each month for the next 10 years:
a. What will the balance of your investment account be at the end of 10 years?
b. How much of the total balance represents interest earnings?
Round it to two decimal places.
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