Mathematics

Mathematics, 30.04.2021 01:00, kwilson5328

Naomi is saving money and plans on making monthly contributions into an account earning a monthly interest rate of 0.35%. If Naomi would like to end up with $16,000 after 23 months, how much does she need to contribute to the account every month, to the nearest dollar? Use the following formula to determine your answer. A=d(i(1+i)n−1)

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