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style=”color:rgb(0,0,0);background-color:transparent;”>Matt is saving to buy a new motorcycle. If he deposits $45 at the end of each month in an account that pays an annual interest rate of 6.5%, how much will he have in 15 months? Assume that the compounding is being done monthly. (Round to the nearest dollar.)

July 30, 2019/in Questions Uploads /by admin

style=”color:rgb(0,0,0);background-color:transparent;”>Matt is saving to buy a new motorcycle. If he deposits $45 at the end of each month in an account that pays an annual interest rate of 6.5%, how much will he have in 15 months? Assume that the compounding is being done monthly.

(Round to the nearest dollar.)