Suppose you invest $150 a month for 5 years into an account earning 7% compounded monthly. After 5 years, you leave the money, without making additional deposits, in the account for another 23 years. How much will you have in the end?
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Home » Mathematics » Suppose you invest $150 a month for 5 years into an account earning 7% compounded monthly. After 5 years, you leave the money, without making additional deposits, in the account for another 23 years. How much will you have in the end?