Question:

You deposit $750 each month into an account earning 7.9%

Last updated: 8/3/2022

You deposit $750 each month into an account earning 7.9%

You deposit $750 each month into an account earning 7.9% interest compounded monthly. a) How much will you have in the account in 17 years? b) How much total money will you deposit into the account, after 17 years of making monthly deposits? c) How much total interest will you earn after 17 years?