Suppose that $100 is invested at the end of each month at 3.0% interest, compounded monthly for 15 years. Find the value of this investment at the end of the 15 years. Find the total amount of interest earned by the investment.

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02-08-2024
Mathematics

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Suppose that $100 is invested at the end of each month at 3.0% interest, compounded monthly for 15 years. Find the value of this investment at the end of the 15 years. Find the total amount of interest earned by the investment.

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