Rocio invests $170.00 a month for 9 years into an account earning 6% compounded monthly. After 9 years, she leaves the money, without making additional deposits, in the account for another 18 years. How much will she have in the end and what is the total amount of her deposits? Rocio will have_____ in her account at the end of 27 years______ and is the total amount of deposits she made. Hint
Rocio invests $170.00 a month for 9 years into an account earning 6% compounded monthly. After 9 years, she leaves the money, without making additional deposits, in the account for another 18 years. How much will she have in the end and what is the total amount of her deposits?
Rocio will have_____ in her account at the end of 27 years______ and is the total amount of deposits she made. Hint
Lucille didn't invest anything for the first 9 years, then deposited $170.00 a month for 18 years into an account earning 6% compounded monthly. How much will she have in the end and what is the total amount of her deposits?
Lucille will have______ in her account at the end of 27 years and ________is the total amount of deposits she made.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images