Posted by **Thara!** on Wednesday, April 21, 2010 at 9:29pm.

Heinz has been contributing $300 at the end of each month for the past 15 months to a sivings plan that earns 6% compounded monthly. What amount will he have 1 year from now if he continues the plan?

I'm not sure how to get the answer for this question which is:

$8649.11

## Answer This Question

## Related Questions

- math! - Heinz has been contributing $300 at the end of each month for the past ...
- ctu - Diane works at a public university. She contributes $625 at the end of ...
- Finite Math - The price of a new car is $24,000. Assume that an individual makes...
- math - The Pirerras are planning to go to Europe 5 yr from now and have agreed ...
- MATH!!! - Supppose you work for a company that has a 401k plan. Your first-year ...
- Math! - What amount 18 months ago is equivalent to $2300, 1.5 year from now if ...
- math - Jeanette wishes to retire in 30 years at age 55 with retirement savings ...
- Math - At the end of each quarter, a 50-year-old woman puts $3000 in a ...
- Finance - Annuities - You have just graduated from the MBA program and to reward...
- matttth help please - 1. Mike wants to invest money every month for 40 years. He...

More Related Questions