Suppose you have a habit of grabbing fast food several times a week and you estimate...

 

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Suppose you have a habit of grabbing fast food several times a week and you estimate you spend an extra $80 each month on fast food compared to if you purchased food from the grocery store. After taking your math class, you consider investing the $80 into an account with an APR of 1% , compounded monthly. If you invest the money ($80 each month), how much would the account be worth after 5 years? How much would you actually contribute to the account? $ How much would you earn in interest? $ "Round all money answer to 2 decimal places Suppose you have a habit of grabbing fast food several times a week and you estimate you spend an extra $80 each month on fast food compared to if you purchased food from the grocery store. After taking your math class, you consider investing the $80 into an account with an APR of 1% , compounded monthly. If you invest the money ($80 each month), how much would the account be worth after 5 years? How much would you actually contribute to the account? $ How much would you earn in interest? $ "Round all money answer to 2 decimal places

Answer rating: 100% (QA)

simple interest Prt 80 X ... View the full answer