Question
Rocio invests $170.00 a month for 6 years into an account earning 8% compounded monthly. After 6 years, she leaves the money, without making additional
Rocio invests $170.00 a month for 6 years into an account earning 8% compounded monthly. After 6 years, she leaves the money, without making additional deposits, in the account for another 12 years. How much will she have in the end and what is the total amount of her deposits? Rocio will have __________ in her account at the end of 18 years and ___________is the amount she deposited in total. Hint Lucille didn't invest anything for the first 6 years, then deposited $170.00 a month for 12 years into an account earning 8% compounded monthly. How much will she have in the end and what is the total amount of her deposits? Lucille will have ___________ in her account at the end of 18 years and ______________is the amount she deposited in total. Hint
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