Register

Matt is saving to buy a new motorcycle. If he deposits $70 at the end of each month in an account that pays an annual interest rate of 6.5% how much will he have in 15 months? A…

Matt is saving to buy a new motorcycle. If he deposits $70 at the end of each month in an account that pays an annual interest rate of 6.5% how much will he have in 15 months? A…
asked 31.3k views
2 votes
Matt is saving to buy a new motorcycle. If he deposits $70 at the end of each month in an account that pays an annual interest rate of 6.5% how much will he have in 15 months? Assume that the compunding is being done monthly.

asked
User Akhilesh Dhar Dubey
by
8.3k points

1 Answer

2 votes
You will have $1118.25 in 15 mouth
answered
User YongJiang Zhang
by
8.2k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!