On September 19, Lynn Alright started an annuity. She arranged to have $100 deducted from her beginning-of-month paycheck. The money would earn 9% interest compound monthly.
(a) Find the future value of the account on December 1 using an Amortization Formula. (Round answer to the nearest cent.) $_____
(b) Find the future value of the account on December 1 by applying the Compound Interest Formula to each payment individually. (Round answer to the nearest cent.) $_____
(c) Find Lynn's total contribution to the account. $_____
(d) Find the total interest. (Round answer to the nearest cent.) $_____