If each year you deposit 5000 dollars in an account that earns 8 percent each year compounded annually how much will you have after 30 years?
Using excel FV function all added monies & interest paid @ end of period 5000 invested @ 8% /year for 30 yr no additional monies 50,313.28 with 5000 added end of each year 662,042.62 with deposit 5000/12 added end of each month 679,801.64 with 5000/24 added twice a month 680,679.68