Samuel deposits $1,000 every month into an account earning a monthly interest rate of 0.45%. How many years would it be


Samuel deposits $1,000 every month into an account earning a monthly interest
rate of 0.45%. How many years would it be until Samuel had $86,000 in the
account, to the nearest tenth of a year? Use the following formula to determine your
answer.
((1+i)” – 1
A = the future value of the account after n periods
d = the amount invested at the end of each period
i = the interest rate per period
n = the number of periods


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