You deposit $100 each month into an account earning 6.3% interest compounded monthly for 30 years. a) How much total money will you put into the account? b) How much will you have in the account in 30 years? c) How much total interest will you earn?

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
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You deposit $100 each month into an account earning 6.3% interest compounded monthly for 30 years.
a) How much total money will you put into the account?
b) How much will you have in the account in 30 years?
c) How much total interest will you earn?
Transcribed Image Text:You deposit $100 each month into an account earning 6.3% interest compounded monthly for 30 years. a) How much total money will you put into the account? b) How much will you have in the account in 30 years? c) How much total interest will you earn?
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