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smicatrotto

  • 4 years ago

Melanie deposits $350 each month in an ordinary annuity to save for a trip to Europe. If the annuity pays 7.2% compounded monthly, how much will she be able to save in 5 years? Do not round until the final answer. Then, round to the nearest cent. A: $15,769.71 B: $4,545.36 C: $11,466.79 D: $25,187.66

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  1. Math4Life
    • 4 years ago
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    A: $15,769.71 i'm pretty sure

  2. smicatrotto
    • 4 years ago
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    Thank you so much!

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