If Jackson deposits $130 at the end of each month in a savings account earning interest at a rate of 6%/year compounded monthly, how much will he have on deposit in his savings account at the end of 7 years, assuming he makes no withdrawals during that pe

If Jackson deposits $130 at the end of each month in a savings account earning interest at a rate of 6%/year compounded monthly, how much will he have on deposit in his savings account at the end of 7 years, assuming he makes no withdrawals during that pe


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Asked by 2 years ago
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  1. If Jackson deposits $130 at the end of each month in a savings account earning interest at a rate of 6%/year compounded monthly, how much will he have on deposit in his savings account at the end of 7 years, assuming he makes no withdrawals during that period? (Round your answer to the nearest cent.)

  2. Robin, who is self-employed, contributes $6500/year into a Keogh account. How much will he have in the account after 35 years if the account earns interest at the rate of 7.5%/year compounded yearly? (Round your answer to the nearest cent.)

  3. The Pirerras are planning to go to Europe 4 years from now and have agreed to set aside $190/month for their trip. If they deposit this money at the end of each month into a savings account paying interest at the rate of 9%/year compounded monthly, how much money will be in their travel fund at the end of the fourth year? (Round your answer to the nearest cent.)

If Jackson
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Answered by 2 years ago
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If Jackson deposits $130 at the end of each month in a savings account earning interest at a rate of 6%/year compounded monthly, how much will he have on deposit in his savings account at the end of 7 years, assuming he makes no withdrawals during that pe

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