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How much did Cathy have in this account

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Reference no: EM133003284

Question - Starting on the day Cathy was born, her mother has invested $50 at the beginning of every month in a savings account that earns 2.30% compounded monthly.

a. How much did Cathy have in this account on her 21st birthday? Assume that there was no deposit on that day.

b. What was her mother's total investment?

c. How much interest did the investment earn?

Reference no: EM133003284

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