A young executive deposits $300 at the end of each month for 8 years and then increases
Question:
If the account earns 7.2%, compounded monthly, how much (to the nearest dollar) should each new deposit be in order to have a total of $400,000 after 25 years?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Treat this as two problems First we need to find how much ...View the full answer
Answered By
Hamza Amjad
Currently I am student in master degree program.from last two year I am tutring in Academy and I tought many O/A level student in home tution.
3+ Reviews
10+ Question Solved
Related Book For 
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
Question Posted:
