Bank account at the end of every month

Reference no: EM13717478

Bill plans to deposit 200 into bank account at the end of every month. The bank account have the nominal interest rate of 8% and interest is compounded monthly. How much will bill have in the account at the end of 21/2 years ( 30month)

Reference no: EM13717478

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Bank account at the end of every month : Bill plans to deposit 200 into bank account at the end of every month. The bank account have the nominal interest rate of 8% and interest is compounded monthly. How much will bill have in the account at the end of 21/2 years ( 30month)

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