Having some trouble with this question please help!
Find the savings plan balance after 9months with an APR of 6% and monthly payments of
c x ( 1+i)n -1
________ x (1+i) = 922.80 n = 9 i = .06/12 = .005 c = 100
P=100; R=0.06/12; N=9; FV=P*((1 + R)^N - 1)/ R
FV = $ 918.21
The formulas used here are slightly different. You need to determine the correct one yourself