swartleyp2ux7s swartleyp2ux7s
  • 20-01-2018
  • Mathematics
contestada

find the amount saved after 3 years of $250 is deposited monthly at a rate of 5.5%

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obenam obenam
  • 20-01-2018
chere is 3*12=36 months in three years. We will use then the following formula in order to compute the saving:
[tex]250(1.055)^{36}=\$1718[/tex]
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laurenrrodriguez
laurenrrodriguez laurenrrodriguez
  • 20-01-2018
The answer would be $495 and in the picture it explains how I got that in steps.
Ver imagen laurenrrodriguez
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