151k views
5 votes
Help

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

1 Answer

1 vote

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.