You deposit $400 each month into an account earning 3% interest compounded monthly. How much will you have in the account in 25 years? How much will i put in account? Also how much interest ?
You deposit $400 each month into an account earning 3% interest compounded monthly. How much will you have in the account in 25 years? How much will i put in account? Also how much interest ?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:You deposit $400 each month
into an account earning 3%
interest compounded monthly.
How much will you have in the
account in 25 years?
How much will i put in account?
Also how much interest ?
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