deposit $500 each terest ompounded ) How much will you have in the account in 20 years?

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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**Question 4**

You deposit $500 each month into an account earning 7% interest compounded monthly.

a) How much will you have in the account in 20 years?

$ [Input Box]

b) How much total money will you put into the account?

$ [Input Box]

c) How much total interest will you earn?

$ [Input Box]
Transcribed Image Text:**Question 4** You deposit $500 each month into an account earning 7% interest compounded monthly. a) How much will you have in the account in 20 years? $ [Input Box] b) How much total money will you put into the account? $ [Input Box] c) How much total interest will you earn? $ [Input Box]
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