You deposit $300 each month in
You deposit $300 each month into an account earning 7% interest compounded monthly.
i) How much will be in the account in 25 years? Round to the nearest penny and express your answer in a complete sentence using the context of the problem.
ii) How much total money will you put into the account? Show how you get your answer. Express your answer in a complete sentence using the context of the problem.
iii) How much total interest will you earn? Show how you get your answer. Round to the nearest penny and express your answer in a complete sentence using the context of the problem.