You deposit 100$ each month into an account earring 3% interest compounded monthly. How much will you have in the account in 20 years , how much money total will you put into the account. And how much interest will you earn?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section: Chapter Questions
Problem 15PT: Rachael deposits $3,600 into a retirement fund each year. The fund earns 7.5% annual interest,...
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You deposit 100$ each month into an account earring 3% interest compounded monthly. How much will you have in the account in 20 years , how much money total will you put into the account. And how much interest will you earn?
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