BRAINLIEST + POINTS! Please explain
What is the future value of the 10% savings from earnings of $187.45 if it earns 5% annual interest, compounded monthly for 30 years?
Use the compound interest formula to estimate the present value.
A=P(1+r/n)^ nt
A.
$27.68
B.
$37.27
C.
$58.75
D.
$83.75
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