document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1195118>Question 1195118</A>: <I><SPAN STYLE=\"word-break: break-all;\"> You deposit $300 each month into an account earning 7% interest compounded monthly.<BR>\n" );
document.write( "A) How much will you have in the account in 25 years?<BR>\n" );
document.write( "B) How much total money will you put into the account?<BR>\n" );
document.write( "c) How much total interest will you earn? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #827558 by </B><A HREF=/tutors/aboutme.mpl?userid=Theo><B>Theo(13342)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Theo><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=Theo><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=827558\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> You deposit $300 at the end of each month into an account earning 7% interest compounded monthly.<BR>\n" );
document.write( "A) How much will you have in the account in 25 years?<BR>\n" );
document.write( "243,021.51<BR>\n" );
document.write( "B) How much total money will you put into the account?<BR>\n" );
document.write( "300 * 300 = 90,000<BR>\n" );
document.write( "c) How much total interest will you earn?<BR>\n" );
document.write( "243,021.51 minus 90,000 = 153,021.51.<BR>\n" );
document.write( "number of months = 25 * 12 = 300<BR>\n" );
document.write( "interest rate per month = 7%/12 = .58333333.....% <BR>\n" );
document.write( "let me know if you have any questions.<BR>\n" );
document.write( "theo\r<BR>\n" );
document.write( "\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );