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A young executive deposits $100 at the end of each month for 5 years into an account that earns 6% compounded monthly. How much is
A young executive deposits $100 at the end of each month for 5 years into an account that earns 6% compounded monthly. How much is in the account after the 5 years? (Round your answer to the nearest cent).
$
The executive then changes the deposits in order to have a total of $400,000 after 25 total years. What should be the revised monthly payment in order to meet the $400,000 goal? (Round your answer to the nearest cent).
$
How much interest is earned during the 25 years?
$
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