CO 近 olo %24 %24 %24 You deposit $500 each month into an account earning 4% interest compounded monthly. a) How much will you have in the account in 35 years? b) How much total money will you put into the account? c) How much total interest will you earn? 24 Question Help: DVideo 1 DVideo 2 Submit Question Type here to search capslock

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter1: Equations, Inequalities, And Mathematical Modeling
Section1.6: Other Types Of Equations
Problem 9ECP: You deposit $2500 in a long-term investment in which the interest is compounded monthly. After 5...
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olo
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You deposit $500 each month into an account earning 4% interest compounded monthly.
a) How much will you have in the account in 35 years?
b) How much total money will you put into the account?
c) How much total interest will you earn?
24
Question Help: DVideo 1 DVideo 2
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Transcribed Image Text:CO 近 olo %24 %24 %24 You deposit $500 each month into an account earning 4% interest compounded monthly. a) How much will you have in the account in 35 years? b) How much total money will you put into the account? c) How much total interest will you earn? 24 Question Help: DVideo 1 DVideo 2 Submit Question Type here to search capslock
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