Savings Plan Formula with Excel. Abe deposits $50 each month lor 40 years in an account with an APR of 5.5%. Beatrice deposits $100 each month for 20 years in an account with an APR of 5.5%.
a. Verify that Abe and Beatrice deposit the same amount of money during the stated periods of time. How much money do they deposit?
b. Compute the balance in each account and explain the results.
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