Question1:
A student would like to take a trip to europe in two years when he gradutates from college. He has 900 dollars in a savings account and he plans to add 30 dollars per moth starting immediately. The savings account pays a nominal annual rate of 2% compounded monthly. How much will the sutdent have in savings at the end of 2 years.
- 1660.25
- 1683.15
- 1670.06
- 1671.89