Question

I'LL GIVE BRAINLIEST;

You deposit $400 each month into an account earning 5% annual interest compounded monthly.

a) How much will you have in the account in 20 years?
b) How much total money will you put into the account?
c) How much total interest will you earn?

Answer 1

Answer:

amount in 30 yrs is: $1787.0977

interest is for 20 yrs: $1387.0977

Step-by-step explanation:

Given data

principal amount = $400

rate = 5 % = 0.05

time period = 20 years

(Sorry if I'm wrong :( )