You deposit $500 each month Into an account earning 5% Interest compounded monthly. a) How much will you have In the account in 30 years? $4 b) How much total money will you put Into the account? c) How much total Interest will you earn? $4

Advanced Engineering Mathematics
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ISBN:9780470458365
Author:Erwin Kreyszig
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You deposit $500 each month Into an account earning 5% Interest compounded monthly.
a) How much will you have in the account in 30 years?
b) How much total money will you put Into the account?
$4
c) How much total Interest will
you earn?
$
Transcribed Image Text:You deposit $500 each month Into an account earning 5% Interest compounded monthly. a) How much will you have in the account in 30 years? b) How much total money will you put Into the account? $4 c) How much total Interest will you earn? $
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