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Matd-1332 Name 4C: Savings Plans and Investments Exercises 1. Find the savings plan balance after 30 months with monthly payment of $125 and APR 5%.

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Matd-1332 Name 4C: Savings Plans and Investments Exercises 1. Find the savings plan balance after 30 months with monthly payment of $125 and APR 5%. 2. At age 30, you start saving for retirement. If your investment plan pays an APR of 6% and you want to have $1 million when you retire in 35 years, how much should you deposit monthly? c. Compare the amounts of money that Mitch and Bill deposited into their accounts. d. Summarize your finding from the previous problems

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