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HW Score: 8.33%, 1 of 12 points
O Points: 0 of 1
Question 5, 4.C.21
Part 1 of 2
= Homework: Homew...
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Normal
Use the savings plan formula to answer the following question.
You put $400 per month in an investment plan that pays an APR of 4.5%. How much money will you have after 15 years? Compare this amount to the total deposits
made over the time period.
waluating After 15 years the investment plan will contain |
(Do not round until the final answer. Then round to the nearest cent as needed.)
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