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Matt is saving to buy a new motorcycle. If he deposits $70 at the end of each month in an account that pays an annual interest rate of 6.5% how much will he have in 15 months? Assume that the compunding
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Matt is saving to buy a new motorcycle. If he deposits $70 at the end of each month in an account that pays an annual interest rate of 6.5% how much will he have in 15 months? Assume that the compunding is being done monthly.

User Akhilesh Dhar Dubey
by
8.3k points

1 Answer

2 votes
You will have $1118.25 in 15 mouth
User YongJiang Zhang
by
8.2k points
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