Eve deposited $8.000 in a 3-year certificate of deposit, which pays 2.2% compounded monthly. Find the account value at the end of the 3rd year and the amount of interest earned during the whole 3-year period.(adsbygoogle = window.adsbygoogle || []).push({});

I think i use the payment to a sinking fund formula but i am not sure. possible formula: R=S*i/((1+i)^n -1)

Any help would be great thank you!

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# Homework Help: FINANCE annuity poblem, confused

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