Lana wants to have $100,000 in 20 years. She plans to invest $8,000 to start and make yearly payments of $1,500 to the account. She will be receiving 7.5% interest compounded monthly on her investment.

asked May 17, 2023 124k views

18 votes

5.2k points

Please log in or register to add a comment.

8 votes

Answer:

Yes Lana will reach her goal she'll have 10,414.58 by the end of the 6 years,

Explanation:

Diego Martinoia answered May 23, 2023

4.6k points

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.3m questions

6.9m answers