Ask Question
15 August, 17:37

Mattis saving to buy a new motorcycle. If he deposits $50 at the end of each month in an account that pays an annual interest rate of 3.5%, how much will he have in 30 months? Assume that the compounding is being done monthly

(Round the final answer to the nearest cent as needed. Round all intermediate values to eight decimal places as needed.)

+3
Answers (1)
  1. 15 August, 19:39
    0
    In thirty months you should have 5,250.00
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Mattis saving to buy a new motorcycle. If he deposits $50 at the end of each month in an account that pays an annual interest rate of 3.5%, ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers