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.
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Home » Mathematics » 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.