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QUESTION #1 Suppose you invest $170 a month for 7 years into an account earning 8% compounded monthly. After 7 years, you leave the money,
QUESTION #1 Suppose you invest $170 a month for 7 years into an account earning 8% compounded monthly. After 7 years, you leave the money, without making additional deposits, in the account for another 23 years. How much will you have in the end? Suppose instead you didn't invest anything for the first 7 years, then deposited $170 a month for 23 years into an account earning 8% compounded monthly. How much will you have in the end?
QUESTION #2 Suppose you invest $130 a month for 4 years into an account earning 8% compounded monthly. After 4 years, you leave the money, without making additional deposits, in the account for another 26 years. How much will you have in the end?
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American Public School Finance
Authors: William A. Owings, Leslie S. Kaplan
3rd Edition
113849996X, 978-1138499966
