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In order to accumulate enough money for a down payment on a​ house, a couple deposits $406 per month into an account paying 3% compounded monthly. If payments are made at the en…

In order to accumulate enough money for a down payment on a​ house, a couple deposits $406 per month into an account paying 3% compounded monthly. If payments are made at the en…
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In order to accumulate enough money for a down payment on a​ house, a couple deposits $406 per month into an account paying 3% compounded monthly. If payments are made at the end of each​ period, how much money will be in the account in 6 ​years?

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User Tapuzi
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1 Answer

5 votes

In 6 years, the couple will have $32,916.38 in the account.

answered
User Userv
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