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October 20, 2014

October 20, 2014

Posted by **F0reveryoung** on Monday, April 9, 2012 at 11:00pm.

(a) How much must Jim save each month if the interest rate is 6% compounded monthly?

$ ______

(b) How much of the $47,230 does Jim actually deposit and how much of it is interest?

$______(deposit)

$______(interest)

- Interest -
**Writeacher**, Tuesday, April 10, 2012 at 8:02amhttp://www.google.com/search?rlz=1C1GGGE_enUS379US379&sourceid=chrome&ie=UTF-8&q=calculating+interest

One of these links should have a formula to help you calculate these.

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