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Question

Alif deceides to start saving money for the future.At the end of each months he deposits 900 into an account at

Mutual Trust Bank,which earns 8.25% interest compounded mothly.

A)Determine the balance of Alif's account after 29 years?

B)How much money did Alif deposit into the account over the 29 year?

C)Calculate how much interest he earned over the 29 year?

Top Answer

A. The balance of Alif's account after 29 years=$1,289,665.06 B) The... View the full answer

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