Asked by christopher
Find the savings plan balance after 2 years with an APR of 9% and monthly payments of $200
Can someone help?
Can someone help?
Answers
Answered by
Reiny
i = .09/12 = .0075
n = 2(12) = 24
now use the "amount of an annuity" formula, which you must have in your text or in your class notes
n = 2(12) = 24
now use the "amount of an annuity" formula, which you must have in your text or in your class notes
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