Posted by **colin** on Wednesday, July 18, 2012 at 1:25am.

You deposit $1000 each year into an account earning 8% compounded annually.

a. How much will you have in the account in 10 years?

b. How much total money will you put into the account?

c. How much total interest will you earn?

## Answer this Question

## Related Questions

- maths - How much money will I need to have at retirement so I can withdraw $60,...
- Math - (a) Themba wants to deposit a sum of money into a savings account so that...
- algebra - 1. Suppose Mary deposits $200 at the end of each month for 30 years ...
- math - Inflation is running 2% per year when you deposit $1000 in an account ...
- Math - Please check my work, thank you If $7,800 is deposited into an account ...
- algebra - Kelly plans to put her graduation money into an account and leave it ...
- Economics - Ben deposits $5000 now into an account that earns 7.5 percent ...
- Math - Kelly plans to put her graduation money into an account and leave it ...
- Finance - You plan to open a retirement account. Your employer will match 50 ...
- Math - You deposit $200 into an account earning 5%, compounded monthly. How much...

More Related Questions