You deposit $200 monthly in a saving plan with APR of 6% for 10 years. How much would your accumulated balance be after the 10 years. Note: use 6 digits after decimal in your calculations. But give your final answer with 2 digits after decimal.

You deposit $200 monthly in a saving plan with APR of 6% for 10 years. How much would your accumulated balance be after the 10 years. Note: use 6 digits after decimal in your calculations. But give your final answer with 2 digits after decimal.

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

Chapter2: Solving Linear Equations

Section2.2: Use A Problem Solving Strategy

Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...

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You deposit $200 monthly in a saving plan with APR of 6% for 10 years.

How much would your accumulated balance be after the 10 years.

Note: use 6 digits after decimal in your calculations. But give your final answer with 2 digits after decimal.

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