Question
You deposit $400 each month into an account earning 2% interest compounded monthly. a) How much will you have in the account in 35 years?
You deposit $400 each month into an account earning 2% interest compounded monthly.
a) How much will you have in the account in 35 years?
b) How much total money will you put into the account?
c) How much total interest will you earn?
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Accounting What the Numbers Mean
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele,
9th Edition
978-0-07-76261, 0-07-762611-7, 9780078025297, 978-0073527062
