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I want to save for a vacation. My plan is to put $200.00 each month into an ordinary annuity that earns an annual interest rate
I want to save for a vacation. My plan is to put $200.00 each month into an ordinary annuity that earns an annual interest rate of 2.5% for the next 3 years.
How much will be in the account after 3 years? Round your final answer to the nearest cent. Assume the interest rate stays the same while the account is open .
What is the sum of all of my deposits? Round your final answer to the nearest cent.
How much interest, in total, did my money earn? Round your final answer to the nearest cent.
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