emilyz6472 emilyz6472

06-05-2024
Business

Answered

Matt would like to help his new grandchild pay for college. He reviews his budget and determines that he can afford to save $290 per month. How much will Matt have saved if he saves $290 per month for 18 years and earns 6.7% compounded monthly? For the question above, what dollar amount does Matt know?
a. A-$290
b. P= $290
c. FV-$290
d. PV-$290
e. PMT-$290

Answer :

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