28457 x 3 = 85371 white blankets
85371 + 28457 = 113,828 total blankets
113828/55 = 2069.6 total boxes
so 2069 full boxes
and 55*.6 = 33 left over blankets
Answer:
Year 29 $2,956.63 Total Interest $40,643.25 Balance $48,443.25
Step-by-step explanation:
Base amount: $7,800.00
Interest Rate: 6.5% (yearly)
Effective Annual Rate: 6.5%
Calculation period: 29 years