Maggie is making monthly contributions of of $210 to her savings account which pays interest at the APR of 7.9%, compoun

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

Maggie is making monthly contributions of of $210 to her savings account which pays interest at the APR of 7.9%, compoun

Post by answerhappygod »

Maggie Is Making Monthly Contributions Of Of 210 To Her Savings Account Which Pays Interest At The Apr Of 7 9 Compoun 1
Maggie Is Making Monthly Contributions Of Of 210 To Her Savings Account Which Pays Interest At The Apr Of 7 9 Compoun 1 (15.69 KiB) Viewed 31 times
Maggie is making monthly contributions of of $210 to her savings account which pays interest at the APR of 7.9%, compounded monthly. Right after Maggie makes her 46th contribution, the bank changes the APR to 8.5% and Maggie makes 50 more $210 contributions. What is Maggie's balance right after her last contribution?
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”