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

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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

7.4k points

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