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Find the savings plan balance after 12 12 months with an apr of 8 8% and monthly payments of $ 100 100.
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Jun 20, 2019
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Find the savings plan balance after 12 12 months with an apr of 8 8% and monthly payments of $ 100 100.
Mathematics
college
OFca
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Assume first payment is at the end of the first month.
APR=8% per annum = 0.08/12 per month
n=12 months
Monthly payment, A = $100
Future value
Pretzlstyle
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Jun 24, 2019
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