If you have $200 and you spend it all ( how much will you have (earned) in 1 year?

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asked Nov 13, 2022 226k views

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Sergeda · Answer 1 · 2022-11-20T05:17:59+0000

Answer: if you save $200 per month (with 2% interest compounded monthly) If you save $200 per month are are getting 2% interest on your money, you will have saved $2,400 and earned $26.16. The total result at the end of the year will be $2,426.16.

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If you have $200 and you spend it all ( how much will you have (earned) in 1 year?

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