l. 77*, '__ ___._.___. gum 'mmdo-ugrldMoamingPlatiormImer/usershtmlhperahon:homemoitene_udlllp%2bw%2melD:r "' U Q _ . IE] \"or ? Save Link TotolPosul 9M)! Posts\"? Glam Wow Thread Display E Mex Raina: D ln Chapter 1 of the textwe looked at calculating a monthiy payment for a loan. A related formula is to calwlate the amount .IW Mimin accruing When regular payments are made into an interest bearing account often called the Savmgs Plan formula. [A is the amrued amount alter tyears of making regular paymenls, PM T, into an account at interest rate, r25, compounded n times each year.) Am = PMTV[(1 + r!N)N'l - mum} = PMT'((1 + r!N)"(N*t) . warm The second version is essentially in the form used in Excel swam want to buy a car and have decide determine the donut interest rate on savings 1 . Wmudi money will you have saved in a year's time? '1. How mumwm be lntemst? 3. Why Mn't a linear model work here? d that you accounts a