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Question: javier is currently paying 1200 in interest on his credit...

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Javier is currently paying ​$1,200 in interest on his credit cards annually.​ If, instead of paying​ interest, he saved this amount every​ year, how much would he accumulate in a​ tax-deferred account earning 8 percent over 11​, 16​, or 21 ​years?

If, instead of paying​ interest, this amount was saved every year in a​ tax-deferred account earning 8 percent over 11 ​years, the amount accumulated would be ​$?

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