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Use the savings plan formula to answer the following question. You put $ 4 0 0 per month in an investment plan that pays an

Use the savings plan formula to answer the following question.

You put $ $400$ per month in an investment plan that pays an APR of $6.5 % .$ How much money will you have after $25$ years $?$ Compare this amount to the total deposits made over the time period.

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Use the savings plan formula to answer the following question. You put $ 4 0 0 per month in an investment plan that pays an

Use the savings plan formula to answer the following question. You put $400 per month in an investment plan that pays an APR of 6.5%. How much money will you have after 25years? Compare this amount to the total deposits made over the time period.

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Recommended Textbook for

Multinational Business Finance

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Use the savings plan formula to answer the following question.

You put $ $400$ per month in an investment plan that pays an APR of $6.5 % .$ How much money will you have after $25$ years $?$ Compare this amount to the total deposits made over the time period.