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

By:

Dedra D. answered • 02/03/16

Tutor
5.0 (337)

STEM education specialist, PhD Physics, Long-time professor

Still looking for help? Get the right answer, fast.

Ask a question for free

Get a free answer to a quick problem.
Most questions answered within 4 hours.

OR

Find an Online Tutor Now

Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.