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Find the savings plan balance after 3 years with an APR of 3% and monthly payments of $250

 Jul 9, 2018
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FV =250 x ((1 + 0.03/12)^(3*12) - 1 / (0.03/12))

FV =250 x ((1.0025)^36 - 1 / (0.0025))

FV =250 x             37.62056031...........

FV =$9,405.14

 Jul 10, 2018

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