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help 7. Find the savings plan balance after 18 months with an APR of 7% and monthly payments of $200. The Balance is $__? 8.
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7. Find the savings plan balance after 18 months with an APR of 7% and monthly payments of $200. The Balance is $__? 8. Find the savings plan balance after 2 years with an APR of 2 % and monthly pay- ments of $15 The balance is $__? 9. At age 22, someone sets up an IRA (Individual retirement account) with an APR of 7 %. At the end of each month he deposits $75 in the account. How much will the IRA contain when he retires at age 65? Compare that amount to the total deposits made over the time period. After retirement the IRA will contain $__? The total deposits made over the time period is $_? 10. Your goal is to create a college fund for your child. Suppose you find a fund that of- fers an APR of 7%. how much should you deposit monthly to accumulate $88,000 in 16 years? You should invest $___ each month Step by Step Solution
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