SophiaPretty

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    Strayer,Devery,Harvard University
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Category > Math Posted 15 Aug 2017 My Price 7.00

Matt is saving to buy a new motorcycle.

Matt is saving to buy a new motorcycle. If he deposits ​$60 at the end of each month in an account that pays an annual interest rate of 2.5​%, how much will he have in 36 ​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.)

Answers

SophiaPretty
(5)
Status NEW Posted 15 Aug 2017 10:08 AM My Price 7.00

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