Rocio invests $130.00 a month for 9 years into an account earning 10% 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 $130.00 a month for 18 years into an account earning 10% 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. Hint
Rocio invests $130.00 a month for 9 years into an account earning 10% 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 $130.00 a month for 18 years into an account earning 10% 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. Hint
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Transcribed Image Text:Rocio invests $130.00 a month for 9 years into an account earning 10% 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 $130.00 a month for 18 years into an
account earning 10% 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. Hint
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