You put $225 per month in an investment plan that pays an APR of 5%...

60.1K

Verified Solution

Question

Accounting

image

You put $225 per month in an investment plan that pays an APR of 5% compounded monthly. How much money will you have after 24 years? Compare this amount to the total amount of deposits made over the time period O A. $124,751.04; this is $70,751.04 more than the total amount of the deposits. O B. $106,113.91; this is $60,039.90 more than the total amount of the deposits. O C. $124,839.90; this is $60,039.90 more than the total amount of the deposits. O D. $124,928.89; this is $43,928.89 more than the total amount of the deposits

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