How much money can be saved over the next 3-years if you deposit $80 at the end of the first month, and increase the amount deposited by $8 every month (month 2=$80 + $8, following the same increasing amount for each of the following months), earning 5% compounded monthly(i.e - how much will be in the plan at the end of 3-years?)

Answer rating: 100% (QA)

You can save 1810275 over the next 3 years if you depos... View the full answer