has a money market savings account with an APR of 3.5% compounded monthly a. If Mario deposits $1200 now and doesn't touch the account, how much money will he have in 3 years? $ b. If Mario deposits $1200 now and doesn't touch the account, how many years must he leave the money in the account to reach a future value of $4400? years c. If Mario makes the initial deposit of $1200 and then starts making regular deposits of $125 per month, how much will he have in 8 years?
Mario has a
a. If Mario deposits $1200 now and doesn't touch the account, how much money will he have in 3 years?
$
b. If Mario deposits $1200 now and doesn't touch the account, how many years must he leave the money in the account to reach a
years
c. If Mario makes the initial deposit of $1200 and then starts making regular deposits of $125 per month, how much will he have in 8 years?
$
d. If Mario starts with the $1200 deposit and continues making deposits of $125 per month, how long will it take him to accumulate $6500 for his dream vacation?
years
e. If Mario opens his account with a $1200 initial deposit and he wants to take his $6500 dream vacation in 3 years, how much will he need to deposit every month until then?
$
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