Exercises $-$ Finance

Score: $\frac{6}{20},\frac{7}{18}$ answered

Question $7$

You deposit $$500$ each month into an account earning $6\%$ interest compounded monthly

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a$)$ How much will you have in the account in $25$ years?

b$)$ How much total money will you put into the account?

c$)$ How much total interest will you earn?