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I need help calculating savings. 1.If I deposited $50 every month, starting at the age of 18, how much would I have when I reached
I need help calculating savings.
1.If I deposited $50 every month, starting at the age of 18, how much would I have when I reached the age of $65. The average return for this question is 7%.
2.If I deposited $50 every month, starting at the age of 18, how much would I have when I reached the age of $50. The average return for this question is 7%.
Please show your work, and help me learn what formula would be used for this.
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