Question

Suppose you decide to save 10% of your net monthly income. Find this amount. Monthly Savings...

Suppose you decide to save 10% of your net monthly income. Find this amount. Monthly Savings = $290.31

If you invest this money in an account that compounds monthly with an APR of 2.5%, how much will you have saved i) after 1 year? ii) after 3 years?

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