1. Henrietta made monthly deposits of $1000 at the end of each month into an account paying 6% compounded monthly for 8 years. She then left the funds in the account for an additional 35 years.
2. How much is her account worth at the end of the 43-year period?

| | |

0 8 43

| FV | Compound Interest |

1. How much did she pay into the account?

1. How much interest did she earn?

Answer rating: 100% (QA)

To calculate the accounts worth at the end of the 43year period we can break down the problem into t... View the full answer