Suppose you invest 180 a month for 8 years into an account earning 10 compounded...
80.2K
Verified Solution
Link Copied!
Question
Basic Math
Suppose you invest 180 a month for 8 years into an account earning 10 compounded monthly After 8 years you leave the money without making additional deposits in the account for another 24 years How much will you have in the end Suppose instead you didn t invest anything for the first 8 years then deposited 180 a month for 24 years into an account earning 10 compounded monthly How much will you have in the end
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!