Rachael deposits $3,600 into a retirement fund each year. The fund earns 7.5% annual interest,
compounded monthly. If she opened her account when she was 20 years old, how much will she
have by the time she’s 55? How much of that amount was interest earned?
How do I do this problem?
compounded monthly. If she opened her account when she was 20 years old, how much will she
have by the time she’s 55? How much of that amount was interest earned?
How do I do this problem?