Answer to Question #76455 in Financial Math for michelle

Question #76455
Having earned a bonus at his​ work, Rick placed the money in an investment earning
6.86% compounded monthly. He withdrew ​$370 at the end of every month for the next
4 years.
​(a) What was the amount of the​ bonus?
​(b) If he made all of the withdrawals as​ planned, how much interest was​ paid?
1
Expert's answer
2018-04-23T09:19:07-0400
The answer to the question is available in the PDF file https://www.assignmentexpert.com/https://www.assignmentexpert.com/homework-answers/mathematics-answer-76455.pdf

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