MATH
posted by MATH on .
Determine how much would be accumulated at the end of 10 years at 7.5% interest if Woody saved $30 every month.

I will assume that 7.5% per annum is compounded monthly.
so i = .075/12 = .00625
amount = 30 ( 1.00625^120  1)/.00628 = 5337.91