On February 16, Emmy joined a Christmas club. Her bank will automatically deduct $140 from her checking account at the end of each month and deposited it into her Christmas club account where it will earn 8% interest. The account comes to term on December 1. a. Find the future value of the account. $ b. Find Emmy's total contribution to the account. $ c. Find the total interest earned on the account. $
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Since the deposits are made at the end of each month, we will consider the months from March to November, which is 9 months. Then we have the month of December, so there are 10 months in total. Show more…
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