suppose you invest $50 a month for 5 years into an account earning 8% compounded monthly

Question

 After 5 years, you leave the money, without making additional deposits, in the account for another 25 years. How much will you have in the end?

Answer 1

After 5 years of investing $50 per month @ 8% APR, you would have $3,698.34.

If you leave this amount of money in the account without adding any more money at the same interest rate, you would have $27,146.47 at the end.

The first calculation made in EXCEL using the FV function.

The second formula calculation is

Future Money = Present Money(1 + Period Interest Rate)^{(# of periods)}