Question:

You deposit $300 each month into an account earning 5%

Last updated: 7/6/2022

You deposit $300 each month into an account earning 5%

You deposit $300 each month into an account earning 5% interest compounded monthly. a) How much will you have in the account in 35 years? Round to the nearest cent as needed. b) How much total money will you put into the account? Round to the nearest cent as needed? c) How much total interest will you earn? Round to the nearest cent as needed?