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Find the savings plan balance after 15 months with an APR of 4% and monthly payments of $300.
The balance is $
(Do not round until the final answer. Then round to the nearest cent as needed.)

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AmyIsScreaming

Answer:

$315

Explanation:

.04/12= 0.0033333...

.0033333...*15=0.05

.05+1(Because the number is supposed to be going up not down)=1.05

1.05*300=315

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