Question

if a couple deposits $25000 into an account earning 6% annual interest compounded monthly, how much money will be in the account at the end of 25 yeas?

Answer 1

Answer: 111,624.25

Step-by-step explanation: If you deposit $25,000 than keep adding 6% over the 25 years you will eventually come up with 111,624.25 dollars.

Hope this helps!