Wow that’s a lot of money for getting a B,if I don’t get 95 percent A in any of my classes I won’t be able to walk after my mom finds out.
Please help me! Answer my latest question
The saving plan balance is $3,677.53.
Given that,
- The no of months is 18.
- The annual percentage rate is 3% so the monthly rate percentage is 0.25%.
- And, the monthly payment is $200.
Based on the above information, the following formula should be used:
FVA = PMT× [(1+r)^n - 1] ÷ r
= $200 × [(1+ 0.0025)^18 - 1] ÷ 0.0025
= $3,677.53
Therefore we can conclude that the saving plan balance is $3,677.53.
Learn more: brainly.com/question/14191332
I just graphed all 4 and didn’t see where any are on the same horizontal line. I might be missing something.
