Use the savings plan formula to answer the following question.You put $300 per month in an investment plan that pays an APR of 4.5%. How much money will you have after 28 years? Comparethis amount to the total deposits made over the time period.After 28 years the investment plan will contain S(Do not round until the final answer. Then round to the nearest cent as needed.)The total deposits made over the time period is $(Type a whole number.)

Future value of investment can be calculated as: = Annuity payment* Future value Annuity Factor…

Use the savings plan formula to answer the following question You put $300 per month in an investment plan that pays an APR of 4.5%. How much money will you have after 28 years? Compare this amount to the total deposits made over the time period CILE After 28 years the investment plan will contain S (Do not round until the final answer. Then round to the nearest cent as needed.) The total deposits made over the time period is $ (Type a whole number.)

Use the savings plan formula to answer the following question You put $300 per month in an investment plan that pays an APR of 4.5%. How much money will you have after 28 years? Compare this amount to the total deposits made over the time period CILE After 28 years the investment plan will contain S (Do not round until the final answer. Then round to the nearest cent as needed.) The total deposits made over the time period is $ (Type a whole number.)

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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