thaironesdossap67v5x thaironesdossap67v5x

05-04-2018
Mathematics

contestada

What is the total amount in an account that has had $45 per month added into it for 30 years and grew with an annual interest rate of 8%?

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mleonardo26 mleonardo26

05-04-2018

30 years x 12 months = 360 months
360 x $45 per month = $16,200
8% of $16,200 = $1,296

I'm really not sure of this. The last one may be wrong, i apologize if it is.

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