Question

Find the savings plan balance after 9 months with an APR of 12% and monthly payments of $300. Assume an ordinary annuity.

Answer 1

@dusty
maybe you know how to find Ordinary Annuity

Answer 2

darlin, i have the least of clue on how to do this LOL this is cornfusing to me

Answer 3

lol was hopes

Answer 4

\[A=C\times\left[(1+r)^n-1\over r\right]\\
A=300\times{(1+0.12)^9-1\over 0.12}
\]

Answer 5

oh wait,
\(r ={0.12\over12}=0.01\) -> rate per month

Answer 6

Ty @electrokid

Answer 7

yw