Asked by Issac
A 20 year old college student starts a retirement savings account with a monthly
contribution of $150 at an APR of 6% (compounded monthly). What will be the
value of her retirement savings account after 45 years? Round your answer to the
nearest cent.
Someone help me out please!
contribution of $150 at an APR of 6% (compounded monthly). What will be the
value of her retirement savings account after 45 years? Round your answer to the
nearest cent.
Someone help me out please!
Answers
Answered by
mathhelper
i = .06/12 = .005
n = 12*45 = 540
evaluate:
150[ 1.005^540 - 1]/.005
= .....
n = 12*45 = 540
evaluate:
150[ 1.005^540 - 1]/.005
= .....
Answered by
Aiden
Imagine that you have the following credit card statement for the period ending 9-25-20. You credit card's APR is 24%.
Range Balance (purchases/payments #days
8/26 to 8/30 $3000 5
8/31 to 9/11 $3147.58 12
9/12 to 9/18 $3197.58 7
9/19 to 9/21 $3298.64 3
9/22 to 9/25 $3098.64 4
what is the average daily balance for 8/26 to 9/25 billing statements
What is the interest change on the 8/26 to 9/25 billing statement
What will be the new balance on the 9-35 billing statement
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Range Balance (purchases/payments #days
8/26 to 8/30 $3000 5
8/31 to 9/11 $3147.58 12
9/12 to 9/18 $3197.58 7
9/19 to 9/21 $3298.64 3
9/22 to 9/25 $3098.64 4
what is the average daily balance for 8/26 to 9/25 billing statements
What is the interest change on the 8/26 to 9/25 billing statement
What will be the new balance on the 9-35 billing statement
Show all work
Could you help me out on this question?
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