Mathematics, 19.03.2020 01:39 kitttimothy55

You are saving to buy a car in 5 years. You invest $1,000 into a savings account with a 2.5% annual interest rate that compounds monthly. Each month, you add $150. How much will you have saved after 5 years?

a. about $9,000

b. about $10,00

c. about $10,500

Answers: 2

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You are saving to buy a car in 5 years. You invest $1,000 into a savings account with a 2.5% annual...