SOLUTION: If I deposit $10 a month into a savings account at 4% interest compounded annually starting when I am 18 years old, I will have saved $200,000 in 50 years?
Algebra ->
Customizable Word Problem Solvers
-> Finance
-> SOLUTION: If I deposit $10 a month into a savings account at 4% interest compounded annually starting when I am 18 years old, I will have saved $200,000 in 50 years?
Log On
Question 781521: If I deposit $10 a month into a savings account at 4% interest compounded annually starting when I am 18 years old, I will have saved $200,000 in 50 years? Answer by ankor@dixie-net.com(22740) (Show Source):
You can put this solution on YOUR website! If I deposit $10 a month into a savings account at 4% interest compounded annually starting when I am 18 years old, I will have saved $200,000 in 50 years?
:
No
You would have to deposit about $107 a month to get $200,000 at 4% in 50 yrs
