Question
21. How much money will you have after depositing $700 per month for 40 years in an account which returns an annual percentage rate of
21. How much money will you have after depositing $700 per month for 40 years in an account which returns an annual percentage rate of 11.6% compounded monthly?
a. Excel command ____________
b. answer ____________
c. How much money will you have deposited into this account over the 40 years? ____________
d. How much interest will you have earned in this account over the 40 years? ____________
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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Melissa Hart
7th Edition
1265521972, 978-1265521974
