You deposit $200 each month into an account earning 4% interest compounded monthly. a) How much will you have in the account in 25 years? $ 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 4% interest compounded monthly. a) How much will you have in the account in 25 years? $ b) How much total money will you put into the account? $ c) How much total interest will you earn? $
Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter3: Math Models
Section: Chapter Questions
Problem 430PT: Melinda deposited $5,985 in a bank account with an interest rate of 1.9%. How much interest was...
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