Question 1154625: You decide to start a savings account in 2020 and you begin by putting $120 into the account every month. If the APR on the account is 5.1%, how much money will you have in the account by 2050? Round to the nearest whole dollar.
Of your calculated Total deposit amount, how much money total would you have put into the account by 2050? Round to the nearest whole dollar.
How much money in the account would have been earned from interest? Round to the nearest whole dollar
Answer by ikleyn(52908)   (Show Source):
You can put this solution on YOUR website! .
As it is worded, printed, submitted and presented, this problem and the post are not perfect (are not precisely correct).
To be perfect and to be correct, the problem must say what is the compounding period.
Without it, the given problem CAN NOT BE SOLVED adequately ans accurately.
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