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.

Johowie asked Nov 13, 2023

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3 votes

Johowie asked Nov 13, 2023

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25 votes

Answer:

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

Explanation:

SergioL answered Nov 17, 2023

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