You put $190 per month in an investment plan that pays an APR of 4%...

70.2K

Verified Solution

Question

Accounting

You put $190 per month in an investment plan that pays an APR of 4% compounded monthly. How much money will you have after 17 years? Compare this amount to the total amount of deposits made over the time period.

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