Question: For each 5 -year gap for exercise 32 , compute the difference between the present values. Do these differences remain the same for each of

For each 5 -year gap for exercise 32 , compute the difference between the present values. Do these differences remain the same for each of the 5 -year gaps, or do they differ? How do they differ? What conclusion can you draw?

Explore what happens when a person deposits money in an account earning compound interest.

Data from Exercises 32

Find the present value of $\$ 1,000,000$ in an account that earns $6.15 \%$ compounded monthly for the indicated number of years.

40 years

35 years

30 years

25 years

20 years

15 years

Explore what happens when a person deposits money in an account earning compound interest.

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