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Find the savings plan balance after 4 years with an apr of 7% and monthly payments of 100

Find the savings plan balance after 4 years with an apr of 7% and monthly payments of 100
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Find the savings plan balance after 4 years with an apr of 7% and monthly payments of 100

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User Alejandro Vargas
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7.3k points

1 Answer

3 votes
Assume the Initial investment is $100 and 48 monthly payments of $100 at 7% APR compounded end of each compounding period, you will have $5,459.01
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User Toxkillfraex
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