Ice B.

asked • 02/03/16

Given the Following Assumption

Given the following assumptions (principal = $700, APR compounded monthly = 3.50%, monthly payment = $60), suppose you invested for 30 years rather than just three, calculate your final balance to the nearest dollar.

a. $42,345

b. $39,345

c. $43,671

d. $40,122

e. $46,198

1 Expert Answer


Dedra D. answered • 02/03/16

5.0 (337)

STEM education specialist, PhD Physics, Long-time professor

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