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Levels Tought:
Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 402 Weeks Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
You are 20 years old. You deposit $200 per month for 7 years into an account paying 12 percent annual rate, compounded monthly. After that, you stop making any new deposits but leave the money in the account earning the same rate. How much money will be in the account when you become 58 years old?
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