How much money will be in a bank account at the end of 18 years if 100 dollars are deposited today and the interest rate is 11% compounded annually?
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Question 4
How much money will be in a bank account at the end of 18 years if 100 dollars are deposited today and the interest rate is 11% compounded annually? (Enter your answer rounded to two decimal places.eg. 123.45)
Question 5
Morris paid £1,000 a month for 20 years to pay off the mortgage on his Glasgow house. If his down payment was £7,000 and the interest rate was 11% compounded monthly, what was the purchase proce of the house? (round your answer to the nearest whole £...eg. XXXX) £
In a bank account 
dollars are deposited today and the interest rate is 
compounded annually.
The aim is to find the money in the account after 
years.
Note:
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