You plan to buy a house in 15 years. You want to save money for a down payment on the new house. You are able to place $244 every month at the end of the month into a savings account at an annual rate of 11.01 percent, compounded monthly. How much money will be in the account after you made the last payment?
You plan to buy a house in 15 years. You
want to save money for a down payment on the new house. You are able to place $244 every month at the end of the month into a savings account at an annual rate of 11.01 percent, compounded monthly. How much money will be in the account after you made the last payment?