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| Use the savings plan formula to answer the following question. | - You put $200 per month in an investment plan that pays an

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| Use the savings plan formula to answer the following question. | - You put $200 per month in an investment plan that pays an APR of 3.5%. How much money will you have after 16 years? Compare this amount to the total deposits made over the time period. i (T After 16 years the investment plan will contain $[ |. (Do not round until the final answer. Then round to the nearest cent as needed.) The total deposits made over the time period is mj. (Type a whole number.)

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