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If you save 1200 per year and the money compounds at a

If you save $1,200 per year and the money compounds at a simple 8.0% rate how much money will you have in 20 years? What lump sum could you invest today to have the same amount in 20 years? If you save $100 per month at the same 8.0% rate how much money will you have in 20 years? What is the amount in 20 years if the 8.0% is compounded monthly?

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Finance Basics: If you save 1200 per year and the money compounds at a

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Q : If you save 1200 per year and the money compounds at a