SOLUTION: If Jackson deposits $100 at the end of each month in a savings account earning interest at a rate of 8%/year compound ed monthly, how much will he have on deposit in his savings ac

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Question 625178: If Jackson deposits $100 at the end of each month in a savings account earning interest at a rate of 8%/year compound ed monthly, how much will he have on deposit in his savings account at the end of 6 yr assuming that he makes no withdrawals during that period?
Answer by oscargut(2103) About Me  (Show Source):
You can put this solution on YOUR website!
A= 100(1+0.08/12)^72 = 161.35
Answer: 161.35
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