Question

Help asap!!!
How do I solve the questions below?

Answer 1

Explanation:

1. So after 30 years ( 6 years of deposits plus 24 years of leaving the money in the account) you will have $1,219.59 in the account.

2. So after 24 years of making monthly deposits of $140 into the account, you will have $50,026.08 in the account.

Answer 2

$ 3675.19

Explanation:

using formula CA=P(1+R/1200)^(12*T)