Suppose you invest $190 a month for 7 years into an account earning 9% compounded monthly. After 7 years, you leave the money, without making additional deposits, in the account for another 26 years....


Suppose you invest $190 a month for 7 years into an account earning 9% compounded monthly. After 7 years, you leave the money, without making additional deposits, in the account for another 26 years. How much will you have in the end?


$


Suppose instead you didn't invest anything for the first 7 years, then deposited $190 a month for 26 years into an account earning 9% compounded monthly. How much will you have in the end?


$


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Jun 07, 2022
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