Question: Use tochnology to apply the future value (FV) function and to answer the following questions. a. What is the balance in an acoount after 22
Use tochnology to apply the future value (FV) function and to answer the following questions. a. What is the balance in an acoount after 22 years with monthly deposits of $225 and an APR of 4% ? b. If you double the APR in part (a), is the balance double, more than double, or less than double the balance in part (a)? c. If you double the number of years in part (a), is the balance double, more than double, or less than double the balance in part (a)? a. The balance in the account affer 22 years is $ (Round to the nearest cont as needed.)
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