Question $18$

You want to start a landscape business and estimate it will take $$12,500$ to get started. You currently have $$1,500$ and can deposit

an additional $$200$ at the end of each month. If your savings plan will earn $4\mathrm{.}5\%$ compounded monthly, in how many months can

you start your business?

$23\mathrm{.}80$ months

$48\mathrm{.}85$ months

$4\mathrm{.}47$ months

$13\mathrm{.}22$ months