Answer:
The money will be $7455.97.
Step-by-step explanation:
Given : Deposits of $200 per month are put into an investment plan that pays an APR of 6.5%.
To find : How much money will be in the plan after 18 years ?
Solution :
There is a deposit of $200 per month.
For 1 year the principle value is 
The rate of interest is r=6.5%=0.065
The time is t=18 years
Apply compound interest formula,





Therefore, The money will be $7455.97.
Answer:
8
Step-by-step explanation:
Answer:
by solving 3
Step-by-step explanation:
is this a question or do you want us to draw sketch an actual line
Divide the amount you need to invest by the percentage.
430/0.05 = 8,600
You earned $8,600