Raul is a saver He sets aside 100 per month during his

Last updated: 3/31/2023

Raul is a saver He sets aside 100 per month during his career of 40 years to prepare for retirement He does not like the idea of investing because he prefers to minimize his risk as much as possible so he puts his money in a savings account which earns 1 5 interest per year 1 What is the total balance in the account after 40 years 4657 4 90 2 than 100 How much of the total did Raul contribute himself 3 How much money did Raul make through compound interest in this savings account 48 063 84 4 Identify one way Raul could have increased the total amount of money he made over the 40 years Explain your reasoning Look for high interest rate putting mixe a menth