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You deposit $377 per month in a savings account in the Cayme

Paper help Economics You deposit $377 per month in a savings account in the Cayme

Economics

You deposit $377 per month in a savings account in the Cayme

You deposit $377 per month in a savings account in the Caymen Islands at an nominal annual rate of 5… Show more You deposit $377 per month in a savings account in the Caymen Islands at an nominal annual rate of 5.57%. The interest earned is deposited back into the sacinvgs account each month. How much is this account worth 28 years? Answer to the nearest dollar. • Show less

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