you deposit $200 each month in turn account earning 8% interest compounded monthly a how much will you have in the account in 25 years be how much total money will you put into the account see how much total interest will you earn give me the answer to all three
8%/12 = (2/3)% monthly for n =12*25 = 300 months
so every month multiply by 1.00666666666.......
amount = 200 [ (1.00666666666.......)^300 - 1 ] / (0.00666666666.......)
= 200 * [6.340 ] / (0.00666666666.......)
= 190,200
do it !