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Find the savings plan balance after 4 years with an APR of 4​% and monthly payments of ​$100.

 Apr 20, 2020
 #1
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P=100;   R=0.04 /12;  N=4*12;    FV=P*((1 + R)^N - 1)/ R;print"FV = $",FV

 

FV = $ 5195.96

 Apr 21, 2020
 #2
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+1

or is 

P=100;   R=0.04 /12;  N=4*12;    FV=P*((1 + R)^N - 1)/ R;print"FV = $",FV

 

FV = $ 5195.96 

really $5195!!!! (jk)

TacoBell  Apr 21, 2020

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