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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
- 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.
- How much is her account worth at the end of the 43-year period?
| | |
0 8 43
| FV | Compound Interest |
- How much did she pay into the account?
- How much interest did she earn?
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Nature Of Mathematics
Authors: Karl J. Smith
13th Edition
1133947255, 978-1133947257
