Register

You deposit $400 each month into an account earning 8% interest compounded monthly_ a) How much will you have in the account in 30 years? b) How much total money will you put in…

You deposit $400 each month into an account earning 8% interest compounded monthly_ a) How much will you have in the account in 30 years? b) How much total money will you put in…
asked 72.9k views
0 votes
You deposit $400 each month into an account earning 8% 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? c) How much total interest will you earn?​

asked
User Ckbhodge
by
8.0k points

1 Answer

4 votes

Answer:

400×30= 12000 in 30yrs

12000

Explanation:

12000÷.08= 150000

answered
User MOCKBA
by
8.5k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!