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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.
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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.

User Laurent Dhont
by
5.2k points

2 Answers

10 votes

Answer:

The answer is 129,216.31. Hope it helps

Explanation:

User Vishal Hasnani
by
4.8k points
9 votes

Answer:

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

Explanation:

User Martin Lehmann
by
4.6k points
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