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Find the savings plan balance after 2 years with an APR of 8% and monthly payments of $250. The savings plan formula is shown below,
Find the savings plan balance after 2 years with an APR of 8% and monthly payments of $250. The savings plan formula is shown below, where A is the accumulated savings plan balance, PMT is the regular payment (deposit) amount, APR is the annual percentage rate (as a decimal), n is the number of payment periods per year, and Y is the number of years
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