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[Music] all right in this video were gonna look at one example of a Savings Plan balance and in this example here were looking for the Savings Plan balance after two years with an APR five percent and monthly payments of a hundred bucks so if you want to make 12 monthly payments in a year thats $1,200 but for two years that will become $2,400 however when you put this into a savings plan account where you draw some interest that amount in your account after two years will be more than twenty four hundred dollars and thats what this long formula here will tell us now what we want to be careful with here is how we type this in that can be the most difficult part so Im going to use a ti-84 and even if you have a ti-83 you can actually type this in as well Im going to show you two ways the first way is going to be the way on the newer ti-84 is you have a fraction button but just hang tight Ill come back and show you how you can do this on a ti-83 as well so in the newer ti-84 is if
