Question: Please check my answer and let me know what im missing... thank you! More Info: Trying to find the monthly payment amount and ending balance.
Please check my answer and let me know what im missing... thank you!
More Info: Trying to find the monthly payment amount and ending balance.
The goal is trying to get $38,000 in a savings account over the course of 5 years.
Please help I'm not sure what I'm doing wrong.
Time: First 5 years Goal: $38,000 account balance Method: Invest money in savings account Allocation: 100% Savings account Points Possible: 6 Starting Balance: $2,450.00 Look up a savings APR (or AP Rate: 8.00% Website Link: PMT: $517.00 All payments and interest arem Ending Balance: $41,637.66
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
