Mathematics, 19.08.2021 04:10 Milosmom

Challenge for you: You deposit $400 each month into an account earning 5% annual interest compounded monthly.

a) How much will you have in the account in 20 years?
b) How much total money will you put into the account?
c) How much total interest will you earn?

Answers: 2

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Challenge for you: You deposit $400 each month into an account earning 5% annual interest compounded monthly. a) How much will you have in the account in 20 years? b) How much total money will you put into the account? c) How much total interest will you earn?

Answers

Another question on Mathematics

Challenge for you: You deposit $400 each month into an account earning 5% annual interest compounded monthly.

a) How much will you have in the account in 20 years?
b) How much total money will you put into the account?
c) How much total interest will you earn?