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QUESTION 15 You will invest $150 per month starting immediately for the next 20 years and you expect the amount of money you will have

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QUESTION 15 You will invest $150 per month starting immediately for the next 20 years and you expect the amount of money you will have at the end of 20 years will be $78 595. How much is the annual interest rate you are earning on your money? 5% 6% . o o o 7% 8% " How much money will you accumulate by the end of 30 years, if you invest $200 per month? Assume the interest rate your money earns is 6% per year and you start saving immediately." $201 908 $298 072 OOO $200 903 $300 059

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