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
Answer:
If using a calculator, you can calculate one number as a percentage of another by dividing the numbers and multiplying by 100.
Step-by-step explanation:
Integer??? Idk I'm sorry....
Answer:
The answer is "false".
Step-by-step explanation:
The following are the description of the line, line segment, and ray.
- Line: The line is a single-dimensional figure, which has a length but no width. It has the direct path of points, which runs to the next without stopping in both directions.
- Line Segment: It is the portion of a line is called a segment. It has two end-points, which includes the endpoints for all the positions between these. The length of this section, can't be determined.
- Ray: The ray would be a straight path for one destination and moves one way.
