SOLUTION: Suppose you invest $120 a month for 3 years into an account earning 8% compounded monthly. After 3 years, you leave the money, without making additional deposits, in the account fo

Algebra ->  Finance -> SOLUTION: Suppose you invest $120 a month for 3 years into an account earning 8% compounded monthly. After 3 years, you leave the money, without making additional deposits, in the account fo      Log On


   



Question 1166516: Suppose you invest $120 a month for 3 years into an account earning 8% compounded monthly. After 3 years, you leave the money, without making additional deposits, in the account for another 28 years. How much will you have in the end?
Answer by ikleyn(52898) About Me  (Show Source):
You can put this solution on YOUR website!
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a TWIN problem was solved at this forum under this link

https://www.algebra.com/algebra/homework/Finance/Finance.faq.question.1166134.html


Enjoy !