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Matt is saving to buy a new motorcycle. if he deposits ​$75 at the end of each month in an account that pays an annual interest rate of 4.5​%, how much will he have in 15 ​month…

Matt is saving to buy a new motorcycle. if he deposits ​$75 at the end of each month in an account that pays an annual interest rate of 4.5​%, how much will he have in 15 ​month…
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Matt is saving to buy a new motorcycle. if he deposits ​$75 at the end of each month in an account that pays an annual interest rate of 4.5​%, how much will he have in 15 ​months? assume that the compounding is being done monthly.

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User Erik James Robles
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1 Answer

2 votes
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answered
User Catalina Chircu
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