You deposit $400 each month into an account earning 4% interest compounded monthly. a) How much will you have in the account in 20 years?
You deposit $400 each month into an account earning 4% interest compounded monthly. a) How much will you have in the account in 20 years?
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
Related questions
Question
You deposit $400 each month into an account earning 4% interest compounded monthly.
a) How much will you have in the account in 20 years?
$
b) How much total money will you put into the account?
$
c) How much total interest will you earn?
$
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