Math Problem Statement
Justine wants to save for retirement. She plans to put $130.00$130.00 each month into an annuity that earns 2.5%2.5% for the next 2929 years.
How much will be in the account? Round your final answer to the nearest cent. Assume the interest rate stays the same while the account is open.
Preview How much of the ending account balance is from deposits? $$Total Deposited Preview How much of the ending account balance comes from interest? $$Interest PreviewSolution
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Math Problem Analysis
Mathematical Concepts
Annuities
Compound Interest
Formulas
Future value of an annuity
Theorems
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Suitable Grade Level
College
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