In order to save for her high school graduation, Marie decided to save P200 at the end of each month. If the bank pays 0.250% compounded monthly, how much will her money be at the end of 6 years? Given: R = 200 = 12 i(12) = 0.250% = 0.0025 0.002 5 j= m= %3D =0.000208 12 t= 6 years n= tm (6)(12)= 72 periods Find: F Write your solution here!

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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Activity 1: Solve me!
In order to save for her high school graduation, Marie decided to save P200 at the end of
each month. If the bank pays 0.250% compounded monthly, how much will her money be at the
end of 6 years?
Given: R= 200
m = 12
i(12) = 0.250% = 0.0025
%3D
0.0025
j=
= 0.000208
12
t= 6 years
n = tm = (6)(12)= 72 periods
Find: F
Write your solution here!
Transcribed Image Text:Activity 1: Solve me! In order to save for her high school graduation, Marie decided to save P200 at the end of each month. If the bank pays 0.250% compounded monthly, how much will her money be at the end of 6 years? Given: R= 200 m = 12 i(12) = 0.250% = 0.0025 %3D 0.0025 j= = 0.000208 12 t= 6 years n = tm = (6)(12)= 72 periods Find: F Write your solution here!
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