Question 376689
How do you solve:
Assume you are investing in a retirement annuity earning 6% compounded monthly.
 If you begin investing $100 each month starting when you are 25, how much
 money did you put in the account if there is $199149.0734 in the retirement
 account when you are 65?
:
You put $100 a month in for 40 yrs; 40*12 = 480 months
480 * 100 = $48000