Mariano is investing in a 401(k) that promises 6.99% annual

Last updated: 7/28/2022

Mariano is investing in a 401(k) that promises 6.99% annual growth. He plans on investing $150 each month for 32 years (there is no employer matching). Excel calculates an overall account balance of $213,804,83. How much of Mariano's balance is interest? a. $69,365 b. $156,205 c. $39,853 d. $14,945 e. $57,600