(Answered) Twenty years ago you deposited 800 into an account you

Management Studies

Twenty years ago, you deposited $800 into an account. You earned 6% APR compounded annually for the first 15 years, and then 6% compounded monthly for the last 5 years. How much money do you have in your account today?

Create a timetable for this problem.

How much money do you have today?

Does it matter if the investment pay interest monthly and annaully?

How does the interest differ?

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