Ortiz Hall
06/04/2024 · High School
Question 13 years, you leave the money, without making additional deposits, in the account for another 22 years. How much will you have in the end? Suppose instead you didn't invest anything for the first 5 years, then deposited \( \$ 170 \) a month for 22 years into an account earning \( 9 \% \) compounded monthly. How much will you have in the end?
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The future value after making monthly deposits of \( \$170 \) for 22 years at \( 9\% \) compounded monthly is approximately **\$113,847.00**.
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