Mathematics, 11.03.2020 23:25 ghwolf4p0m7x0
Veronica plans to make a $95 a month annuity payment to an account that earns 3% annual interest to build up her savings. How much can she save in 10 years with this plan?
A 7,122.49
B 13,275.43
C 21,846.27
D 38,960.76
Answers: 1
![A=P[{\frac{(1+i)^n-1)}{i}}], \ i=0.0025, n=12\times10=120,p=95\\\\A=95[{\frac{(1.0025)^{120}-1)}{0.0025}}]\\\\A=13275.43](/tpl/images/0543/7302/882db.png)
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