How long does $1000 have to be deposited into a savings account at the end of each

Question:

How long does $1000 have to be deposited into a savings account at the end of each month to accumulate to $36 000 if interest is 6.4% compounded monthly?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

Question Posted: