Mathematics, 12.03.2020 04:29 neptunesx

Joanna has been saving for retirement for 40 years. She made monthly deposits of $275 and earned 5.6% annual interest, compounded monthly. According to her account documents, after these 40 years, she has a balance of $491,730.35 in her account. How much of this did Joanna contribute and how much of this is interest?

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Joanna has been saving for retirement for 40 years. She made monthly deposits of $275 and earned 5.6...