DQ 2.xlsx - Kimberly Simmons Suppose you want to buy a car and have decided that you can save $100 a month Using information from an internet source

DQ 2.xlsx - Kimberly Simmons Suppose you want to buy a car...

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Kimberly Simmons Interest Rate of Savings : 2.25% PMT 100 Rate: r 2.25% Time: t (number of years) 2 Periods: n (compounding periods per year) 12 Periodic Rate: r/n 0.1875% Amount: A $2,452.47 1. How much money will you have saved in a year’s time? $2,452.47 2. How much will be interest? $1,252.47 3. Why wouldn’t a linear model work here? Suppose you want to buy a car and have decided that you can save $100 a month. Using information fr internet source, determine the current interest rate on savings accounts and use the information to ans
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  • Winter '17
  • Period, $1,252.47 3, $2,452.47, $2,452.47 1

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