The amount of money that you will have at the end of the year from your brand-new savings account is $600.69.
<h3>What is future value?</h3>
The future value is the value of periodic cash flows in the future. It can be computed using an online finance calculator as follows:
<h3>Data and Calculations:</h3>
N (# of periods) = 24 (12 X 2)
I/Y (Interest per year) = 0.12% (0.01% X 12)
PV (Present Value) = $0
PMT (Periodic Payment) = $25
Results:
FV = $600.69
Sum of all periodic payments = $600.00 ($25 X 24)
Total Interest = $0.69
Thus, the amount of money that you will have at the end of the year from your brand-new savings account is $600.69.
Learn more about future values at brainly.com/question/24703884
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62.8
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use symbolab
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Step-by-step explanation:
Hope this helps :)
