You deposit $200 each month into an account earning 8% interest compounded monthly. Round to the nearest cent as needed. a) How much will you have in the account in 25 years? Enter an integer or decimal number (more..] b) How much total money will you put into the account? c) How much total interest will you earn?

You deposit $200 each month into an account earning 8% interest compounded monthly. Round to the nearest cent as needed. a) How much will you have in the account in 25 years? Enter an integer or decimal number (more..] b) How much total money will you put into the account? c) How much total interest will you earn?

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)

7th Edition

ISBN:9780357033609

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter4: Managing Your Cash And Savings

Section: Chapter Questions

Problem 7FPE: Calculating interest earned and future value of savings account. If you put 6,000 in a savings...

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