# Saving 9

An amount if $2000 is invested at an interest of 5% per month. if$ 200 is added at the beginning of each successive month but no withdrawals. Give an expression for the value accumulated after n months. After how many months will the amount have accumulated first exceed $42000. Correct result: n = 42 #### Solution: We would be pleased if you find an error in the word problem, spelling mistakes, or inaccuracies and send it to us. Thank you! Showing 0 comments: #### You need to know the following knowledge to solve this word math problem: ## Next similar math problems: • Investment 2 Jack invested$5000 in a 5-month term deposit at 4.7% p. A. . At the end of the 5-months, jack reinvested the maturity value from the first deposit into an 11-month term deposit at 7.3% p. A. What is the maturity value at the end of the second term deposi
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