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Suppose you invest $150 a month for 4 years into an account earning 8% compounded monthly. After 4 years, you leave the money, without making additional deposits, in the account…

Suppose you invest $150 a month for 4 years into an account earning 8% compounded monthly. After 4 years, you leave the money, without making additional deposits, in the account…
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2 votes
Suppose you invest $150 a month for 4 years into an account earning 8% compounded monthly.

After 4 years, you leave the money, without making additional deposits, in the account for another 23 years. How much will you have in the end?

asked
User Ryogi
by
7.8k points

1 Answer

5 votes

Answer:

You will approximately have about 48,297.74

Explanation:

answered
User Kumar Sambhav Pandey
by
8.6k points
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