selenerojas27 selenerojas27

25-03-2017
Mathematics

Answered

Matt is saving to buy a new motorcycle. If he deposits $45 at the end of each month in an account that pays an annual interest rate of 2.5%, how much will he have in 36

months? Assume that the compounding is being done monthly.

Verified Answer :

Anonymous Anonymous

25-03-2017

1660.5 because 45*12=540+2.5%=553.5+553.5+553.5=1660.5

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