Suppose you invest $200 a month for 6 years into an accountearning 9% compounded monthly. After 6 years, you leave the money,without making additional deposits, in the account for another 21years. How much will you have in the end?
Suppose instead you didn't invest anything for the first 6years, then deposited $200 a month for 21 years into an accountearning 9% compounded monthly. How much will you have in theend?
Suppose you invest $200 a month for 6 years into an account earning 9% compounded monthly. After 6 years, you leave the
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