Suppose you invest $130 a month for 7 years into an account earning 10% compounded monthly. After 7 years, you leave the money, without making additional deposits, in the account for another 21 years....


help


Suppose you invest $130 a month for 7 years into an account earning 10% compounded monthly. After 7<br>years, you leave the money, without making additional deposits, in the account for another 21 years. How<br>much will you have in the end?<br>Answer = $<br>(Round to the nearest cent/penny)<br>%3D<br>Suppose instead you didn't invest anything for the first 7 years, then deposited $130 a month for 21 years<br>into an account earning 10% compounded monthly. How much will you have in the end?<br>Answer = $<br>(Round to the nearest cent/penny)<br>

Extracted text: Suppose you invest $130 a month for 7 years into an account earning 10% compounded monthly. After 7 years, you leave the money, without making additional deposits, in the account for another 21 years. How much will you have in the end? Answer = $ (Round to the nearest cent/penny) %3D Suppose instead you didn't invest anything for the first 7 years, then deposited $130 a month for 21 years into an account earning 10% compounded monthly. How much will you have in the end? Answer = $ (Round to the nearest cent/penny)

Jun 04, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here