On September 8, Bert Sarkis joined a Christmas club. His bank will automatically deduct $95 from his checking account at the end of each month and deposit it into his Christmas club account, where it will earn 7% interest. The account comes to term on December 1.
(a) Find the future value of the account, using an annuity formula. (Round your answer to the nearest cent.)
$(b) Find the future value of the account, using the compound interest formula. (Round your answer to the nearest cent.)
$(c) Find Bert's total contribution to the account.
$(d) Find the total interest. (Round your answer to the nearest cent.)
Question: "A license to operate a long-term care facility is issued by the U.S. Department of Health and Human Services." Is this True or False?
6 years ago
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