Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. you deposit $400 each month into an account earnin

You deposit $400 each month into an account earning 2% interest compounded monthly.a) How much...

70.2K

Verified Solution

Question

Basic Math

image

You deposit $400 each month into an account earning 2% interest compounded monthly.a) How much will you have in the account in 35 years?$b) How much total money will you put into the account?$c) How much total interest will you earn?$

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Physics
1.2K views

A proton moves through a uniform magnetic field given by  B→=(5.52i^−10.0j^+20.9k^) mT. At time t1, the proton has...

Biology
1.2K views

Which of the following are the components of the vertebrate skull that can be traced...

Physics
1.2K views

In the figure 107 V R 8 38 Q R 21 20 R3 35 7...

Basic Math
1.2K views

A gas station stores its gasoline in a tank under the ground The tank is...

Statistics
1.2K views

A sample of 30 dentists from Seattle is taken to estimate the median income of...

Accounting
1.2K views

submit an oral presentation that can be presented live or recorded. it must include narration...

Accounting
1.2K views

ChecK my worK Blue Dingo uses a standard costing system. The company's standard...

Accounting
1.2K views

Chapter 14-On March 1, 2018, Lewis Services issued a 6% long-term notes payable for $18,000....

Accounting
1.2K views

Calculate and enter the ending balance for t-account Notes Payable Dect...

Accounting
1.2K views

In a month, we have 30 days and each day we produce 100units. The required...

Accounting
1.2K views

6. Excerpts of selected financial statements and notes from Fastenal's 10-K for the 2019 fiscal...

Accounting
1.2K views

One of the reasons that revenue recognition frauds tend to grow over time is that...