document.write( "Question 781521: If I deposit $10 a month into a savings account at 4% interest compounded annually starting when I am 18 years old, I will have saved $200,000 in 50 years? \n" ); document.write( "

Algebra.Com's Answer #475943 by ankor@dixie-net.com(22740) $\"\"$ $\"About$

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If I deposit $10 a month into a savings account at 4% interest compounded annually starting when I am 18 years old, I will have saved $200,000 in 50 years?
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\n" ); document.write( "No
\n" ); document.write( "You would have to deposit about $107 a month to get $200,000 at 4% in 50 yrs \n" ); document.write( "

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