Question 1083133
time: 4 years
saving: 430/month
interest: 7.2 compounded monthly
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A = 430{[1+(0.072/12)]^(12*4)-1}/(0.072/12)
A = 430[1+0.006)^(48)-1]/0.006
A = [430(1.333)-1]/0.006
A = 95,365
:
Moral: the power of compounding.