math 34 altoona

Ace your homework & exams now with Quizwiz!

Each month, Chad deposits $120 into a savings account that pays 2.8% interest compounded monthly. Assuming that he continues these deposits, and that the interest rate stays the same, how much will his deposits have grown to in 13 years?

FV=PMT(1+i)-1 FV=22,549.59


Related study sets

Funciones de Internet (internet functions)

View Set

Science Chapter 5 study guide 8-3

View Set

Communications Final Exam Explanation of terms

View Set

Nutrient Metabolism - Enzyme Regulation

View Set

Chapter 22: The Reproductive System

View Set

Dirigente scolastico AREA 3 (giuridico-amministrativo-finanziaria)

View Set