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You have been diligently saving to buy a boat. For the last 10 years, you have been putting $50 per month into a secret savings account paying .5%…

by | Nov 28, 2023 | statistics

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You have been diligently saving to buy a boat. For the last 10 years, you have been putting $50 per month into a secret savings account paying .5% interest per year. You started with $0. You just discovered that your spouse knew about the account the whole time and has been withdrawing $45 each month for the last 10 years. How much money do you have in the account?

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