A payment of $195 was made at the beginning of each month for 4 years into a savings account. After that the accumulated amount was left on the account for 7 years. The interest rate on the account is 6.2% compounded semi-annually. Find the interest earned on the account.

A payment of $195 was made at the beginning of each month for 4 years into a savings account. After that the accumulated amount was left on the account for 7 years. The interest rate on the account is 6.2% compounded semi-annually. Find the interest earned on the account.

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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