Mathematics

8 February, 01:50

Matt is saving to buy a new motorcycle. If he deposits $70 at the end of each month in an account that pays an annual interest rate of 6.5% how much will he have in 15 months? Assume that the compunding is being done monthly.

+3

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question 👍 “Matt is saving to buy a new motorcycle. If he deposits $70 at the end of each month in an account that pays an annual interest rate of 6.5% ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.

Search for Other Answers

You Might be Interested in

Find the greatest common factor (gcf) of 15 and 35

You invested $17,000 in two accounts paying 6% and 9% annual interest, respectively. If the total interest earned for the year was $1200, how much was invested at each rate? The amount invested at 6% is how much?

4 % of blank days is 56 days

3y (4y+3) what is the correct answer

How do I find the square root of 72?

New Questions in Mathematics

Lisa sold $75 worth of play tickets. Adult tickets cost $4 each and children tickets cost $3 each. How many children's tickets could she have sold? is there more than one answer

Your brothers hourly wage is 4/5 of your sisters hourly wage. if your brother earns $10 per hour, what does your sister earn?

Jamal decides he wants to shop around for the best price for purchasing an advertisement space in a newspaper. One of the companies he contacts charges $2.00 for each line in the advertisement and an initial fee.

How does adding with decimals compare to adding whole numbers?

Scorpion was walking down the street he had 2 swords on his back but while he was walking Sub-Zero jumped on the back and took Scorpions sword while Sub-Zero already had 1 sword now how many swords does Sub-Zero have?