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SP

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You save $53 per month for 21 years in a savings account earning 2% interest compounded monthly. The total amount in the account after 21 years will be 53[(1+0.0212) 252−1](1+120.02) 53 \left[ \left( 1 + \frac { 0.02 } { 12 } \right) ^ { 252 } - 1 \right] \left( 1 + \frac { 12 } { 0.02 } \right) 53[(1+120.02) 2521](1+0.0212) . How much money is in the account after 21 years? Round your answer to two decimal places.

A) $48,462.10
B) $13,641.56
C) $16,609.10
D) $14,867.44
E) $34,698.81

On Sep 24, 2024


C
SP

Answered

A Bank of the West deposit slip shows currency of $970.00, three checks listed on the front for $58.92, $37.46, and $4.59, and total checks from the other side of the deposit slip of $687.40. Compute the total shown on the deposit slip.​

On Sep 22, 2024


$1,758.37