Question: if anyone knows how to do this please help! Kym plans to deposit $200 in an account at the end of each month for the

if anyone knows how to do this please help! if anyone knows how to do this please help! Kym plans to

Kym plans to deposit $200 in an account at the end of each month for the next seven (7) years so she can take a trip. a. If Kym's opportunity cost is 9 percent compounded monthly, how much will she have in the account in seven years? Do not round intermediate calculations. Round your answer to the nearest cent. 5 b. Hew much will be in the account if the deposits are made at the beginning of each month? Do not round intermediate calculations. Round your answer to the nearest cent. 5

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!