$4,637.10 2) ANNUITY. Suppose that you deposit $200 each month for 20 years into a retirement account earning 6% interest, and t

Question

3 years ago

12

$4,637.10 2) ANNUITY. Suppose that you deposit $200 each month for 20 years into a retirement account earning 6% interest, and t

hen stop making deposits and leave the money earning interest for another 10 years. a) How much will you end up with? Given: $163,198.43 b) How much did you contribute? First find actual deposit = $200 (12)(20) = ? Then SUBTRACT from part a) $71,427.85

Mathematics

1 answer:

iren [92.7K] · Answer 1 · 2022-06-19T19:52:57+03:00

iren [92.7K]3 years ago

7 0

Answer:

165488.97

4800

Step-by-step explanation: