document.write( "Question 1202908: You deposit $100 each month into an account earning 5% interest compounded monthly.
\n" ); document.write( "a) How much will you have in the account in 35 years? \n" ); document.write( "
Algebra.Com's Answer #838110 by Theo(13342)\"\" \"About 
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you will have 113,609.24 in the account at the end of the 35 years investment period.\r
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\n" ); document.write( "\n" ); document.write( "i used the calculator at https://arachnoid.com/finance/\r
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\n" ); document.write( "\n" ); document.write( "here are the results.\r
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\n" ); document.write( "\n" ); document.write( "inputs were:
\n" ); document.write( "present value = 0.
\n" ); document.write( "number of time periods = 35 years * 12 months per year = 420 months.
\n" ); document.write( "payment at the end of each month = -100 dollars.
\n" ); document.write( "interest rate per time period = 5% / 12 = .41666666666.....% per month.\r
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\n" ); document.write( "\n" ); document.write( "payments are negative because that's what is being invested.\r
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\n" ); document.write( "\n" ); document.write( "output is future value = 113,609.24\r
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