Suppose on your 21st birthday you begin making monthly payments of $500 into an account that pays 8% compounded monthly. If you

Question

Suppose on your 21st birthday you begin making monthly payments of $500 into an
account that pays 8% compounded monthly. If you continue the payments until your
51st birthday (30 years), how much money will be in the account?

Kunduz · Accepted Answer

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