Find the present value that will grow to $45,000 if interest is 3.6% compounded monthly for 1

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Find the present value that will grow to $45,000 if interest is 3.6% compounded monthly for 1 yr.

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College Algebra

ISBN: 978-0134697024

12th edition

Authors: Margaret L. Lial, John Hornsby, David I. Schneider, Callie Daniels

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Question Posted: Mar 09, 2019 07:01 AM

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Find the present value that will grow to $45,000 if interest is 3.6% compounded monthly for 1

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Use the compound interest formula ...View the full answer

College Algebra

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