Suppose you invest $200 per month for a period of 30 years.
a) How much money would you have at
the end of the 30-year period, assuming that the yearly interest
rate is 12% compounded monthly? You can assume that the payments
are deposited at the end of each month. (Hint: write the amount
accumulated in the bank for the first few months, and try to get a
pattern out of that.) (answer: $698,992.83)
b) Using the same approach, indicate...