how do you get the conclution that the balance will be 300K if you deposit 110 monthly at the annual interest rate of 7% for 30 years?

baden (Booster)
Fot these 30 years your contribution altogether is 110*12*30 = 39,600.00

If the interest is calculated twice annually (every 6 month), by end of the 30th year, the balance will be at about 121,989.

Is this calculation right?
2001-12-18 -04:00
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