Asked by Mai
Tim deposits $10 every month into a retirement account which averages 18% interest compounded monthly. How much will be in this account after 45 years? (The number of years form age 20 to 65))
Answers
Answered by
Reiny
what is
10( 1.015^540 - 1)/.015 ?
(don't be surprised if you get over 2 Million dollars)
10( 1.015^540 - 1)/.015 ?
(don't be surprised if you get over 2 Million dollars)
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