You deposit $100 each month into an account earning 2% interest compounded month a) How much will you have in the account in 15 years? b) How much total money will you put into the account?
You deposit $100 each month into an account earning 2% interest compounded month a) How much will you have in the account in 15 years? b) How much total money will you put into the account?
Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter3: Math Models
Section: Chapter Questions
Problem 430PT: Melinda deposited $5,985 in a bank account with an interest rate of 1.9%. How much interest was...
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