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Lauren invests $300 each month into an annuity that earns 7.1% annual interest, compounded monthly, for 35 years. She puts together the following formula to show her account balance at the end of the 35 years.
What mistake did Lauren make?
![Lauren Invests 300 Each Month Into An Annuity That Earns 71 Annual Interest Compounded Monthly For 35 Years She Puts Together The Following Formula To Show Her class=](https://us-static.z-dn.net/files/d0b/c8e0ed4b83c24be9e83c31f55bb3a1c3.png)