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Invest $100 a Month for This Many Years Which Means Putting in This Much Money And This Will Be Your Ending Balance 3 $3,600 $3,859
Invest $100 a Month for This Many Years Which Means Putting in This Much Money And This Will Be Your Ending Balance 3 $3,600 $3,859 $6,000 $6,902 10 $12,000 $16,581 15 $18,000 $30,157 20 $24,000 $49,198 25 $30,000 $75,904 30 $36,000 $113,360 35 $42.000 $165,894 40 $48,000 $239,577 $54,000 $342.920 Read the following Article on Compounding: https://www.fool.com/the-ascent/buying-stocks/articles/how-does- compound-interest-work/ 5b. Define Compounding 5c. According to the article, if you are age 20 now and invested $100/month by age 65 How much would you have contributed ? 5d. How much would you have grown and in total earned you with compounding interest by age 65
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