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Tony wants to deposit at the end of each semester into his savings account over 10 years to reach his vacation goal of 30,000. He
Tony wants to deposit at the end of each semester into his savings account over 10 years to reach his vacation goal of 30,000. He is getting a 12% APR on his account. In solving this problem what is the value to use n?
2. You can invest in a bank account that has an APR of 12%. You want to make equal monthly deposits of $1,000 for the next 5 years. How much will you have accumulated at the end of 5 years? Round to nearest dollar
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