Help Assume you begin saving $25/month beginning today in an account that has a 2.75% APR for 25 years.

Question

asked Jan 1, 2020 151k views

1 Answer

Courtney Stephenson · Answer 1 · 2020-01-08T03:56:03+0000

Answer:

206.25.

Step-by-step explanation:

The equation to find out how much money you will make is prt, or principle • rate • time.

So you do 25 x 2.75% x 25, which is equal to 206.25.