Suppose you invest $130 a month for 5 years into an account earning 8% compounded monthly. After 5 years, you leave the money, without making additional deposits, in the account for another 29 years....


Suppose you invest $130 a month for 5 years into an account earning 8% compounded monthly. After 5<br>years, you leave the money, without making additional deposits, in the account for another 29 years. How<br>much will younhave in the end?<br>Suppose instead you didn't invest anything for the first 5 years, then deposited $130 a month for 29 years<br>into an account earning 8% compounded monthly. How much will you have in the end?<br>Question Help: D Video<br>Submit Question<br>

Extracted text: Suppose you invest $130 a month for 5 years into an account earning 8% compounded monthly. After 5 years, you leave the money, without making additional deposits, in the account for another 29 years. How much will younhave in the end? Suppose instead you didn't invest anything for the first 5 years, then deposited $130 a month for 29 years into an account earning 8% compounded monthly. How much will you have in the end? Question Help: D Video Submit Question

Jun 10, 2022
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