Find the saving balance after 15 years with an APR of 3.2% and monthly payments of $200

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter1: Fundamental Concepts Of Algebra
Section1.4: Fractional Expressions
Problem 65E
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Find the saving balance after 15 years with an APR of 3.2% and monthly payments of $200

A = PMT *
((1+ APR )^² -1)
n
APR
n
ny
Transcribed Image Text:A = PMT * ((1+ APR )^² -1) n APR n ny
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