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You deposit $400 each month into an account earning 8% interest compounded monthly_ a) How much will you have in the account in 30 years? b) How much total money will you put in…

You deposit $400 each month into an account earning 8% interest compounded monthly_ a) How much will you have in the account in 30 years? b) How much total money will you put in…
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You deposit $400 each month into an account earning 8% interest compounded monthly_ a) How much will you have in the account in 30 years? b) How much total money will you put into the account? c) How much total interest will you earn?​

User Ckbhodge
by
8.0k points

1 Answer

4 votes

Answer:

400×30= 12000 in 30yrs

12000

Explanation:

12000÷.08= 150000

User MOCKBA
by
8.5k points
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