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You deposit $266 per month in a savings account in the Cayma

Paper help Economics You deposit $266 per month in a savings account in the Cayma

Economics

You deposit $266 per month in a savings account in the Cayma

You deposit $266 per month in a savings account in the Cayman Islands at an nominal annual interest… Show more You deposit $266 per month in a savings account in the Cayman Islands at an nominal annual interest rate of 6.22%. The interest earned is deposited back into the savings account at the end of each month. How much is this account worth after 24 years? Submit your answer to the nearest dollar. Please show your work. Thank you • Show less

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