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Find the savings plan balance after

2

years with an APR of

4​%

and monthly payments of

​$300.

 Mar 11, 2023
 #1
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0

P=300;   R=0.04/12;  N=2*12;    FV=P*((1 + R)^N - 1)/ R

 

FV = $ 7,482.87 - balance of the account after 2 years.

 Mar 11, 2023

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