LudmilaT141205 LudmilaT141205
  • 30-10-2022
  • Mathematics
contestada

Calculate the balance under the given assumptions.Find the savings plan balance after 8 years with an APR of 4% and monthly payments of $473.

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ZirelX436477 ZirelX436477
  • 30-10-2022

Given:-

8 years with an APR of 4% and monthly payments of $473.

To find:-

Savings plan balance.

So now we use the formula,

[tex]CI=p(1+(\frac{r}{n}))^{nt}-p[/tex]

So now we substite the values. so we get,

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