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Mathematics, 12.03.2021 01:20 griffinbrowning17
Benson is saving for retirement. He deposits $400 each month at 3.1% annual interest for 25 years. According to his calculations, at the end of 25 years he should have $180,917.28 in his account. How much of this did Benson contribute and how much of this is interest?
Provide your answer below:
Benson's contribution = $
Interest = $
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Benson is saving for retirement. He deposits $400 each month at 3.1% annual interest for 25 years. A...
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