Question

You put $300 at the end of each month in an investment plan that pays an APR of 7%. How much will you have after 18 years? Compare this amount to the total deposits made over the time period

Answer 1

take 300 time 12 months. take that nber times 18 years. then times that number by .07.

all together there is almost a $5000 difference. that is almost the total of having put 300 in the account for another 2 years without the apr