Please only accept this if you can answer each one. Please no AI or another expert answers. Only accept if you have the knowledge to accurately answer these. Thank you.

This is used when payments are regularly added to an account.

Savings plan formula:

A$=$PMT x$[((1+$APR$/$n$)^(($nY$))-1)/(($APR$/$n$))]$

Use the savings plan formula to find each missing value. Round each monetary answer to the nearest cent if needed. Show your work!

$1.$ PMT $=$ $$500,$ APR $=2\mathrm{.}5\%,$ n $=12,$ Y $=20$ yr$.$

$2.$ A $=$ $$200,500,$ APR $=12\%,$ n $=4,$ Y $=12$ yr$.$

Practice Problems

$3.$ PMT $=$ $$75,$ APR $=7\%,$ n $=12,$ Y $=10$ yr$.$

$4.$ PMT $=$ $$250,$ APR $=1\mathrm{.}5\%,$ n $=6,$ Y $=8$ yr$.$

$5.$ A $=$ $$17,000,$ APR $=2\mathrm{.}55\%,$ n $=12,$ Y $=3$ yr$.$

$6.$ A $=$ $$10,000,$ APR $=8\%,$ n $=12,$ Y $=6$ yr$.$

$7.$ At age $30,$ Michelle starts an IRA $($Individual Retirement Account$)$ to save for retirement. She deposits $$100$ at the end of each month. If she can count on an APR of $6\%,$ how much will she have when she retires at age $65?$

$8.$ You want to build a $$100,000$ college fund in $18$ years by making a regular, end$-$of$-$month deposits. Assuming an APR of $7\%,$ calculate how much you should deposit monthly.