Question
Suppose you have $600 to invest in a savings plan, and you want to compare 4 different ways you could invest the money. Find the
Suppose you have $600 to invest in a savings plan, and you want to compare 4 different ways you could invest the money. Find the balance after one year if you deposit all the money into an account that pays $2.50 in simple interest each month (this is a simple interest equation where the amount of interest stays the same each month). Round answers to the nearest cent Number Find the balance after one year if you deposit all the money into an account that pays 5% APR with monthly compounding. Number Find the balance after one year if you deposit $50 per month into the account that pays 5% APR with monthly compounding. Number Find the balance after one year if you deposit $300 into the account that pays 5% APR at the beginning of the year and then make monthly deposits of $25. Number
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