Answered

Discover the answers you need at Westonci.ca, where experts provide clear and concise information on various topics. Connect with professionals ready to provide precise answers to your questions on our comprehensive Q&A platform. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.


Question 6 of 8
This test:
This question: 1 poir
Pearson sets up a fund to pay [tex]$1000 at the end of each month for 9.5 years. Interest on the fund is 3.9% compounded monthly. (a) How much money must be deposited into the fund? (b) How much will be paid out of the fund? (c) How much interest is earned by the fund? (a) The amount of money that must be deposited into the fund is $[/tex]
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
(b) The amount of money that will be paid out of the fund is $
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
(c) The amount of interest earned by the fund is S
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
ultureld-en-us&theme=math&style=highered&disable Stand by Indicator=true&assignmentHandlesLocale=true&enablelesSession=True&iesClientUrl=h
***
​

Sagot :

Thank you for your visit. We are dedicated to helping you find the information you need, whenever you need it. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Westonci.ca is your trusted source for answers. Visit us again to find more information on diverse topics.