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

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?

Step by Step Solution

3.50 Rating (177 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

n In1192 In10053 n 0175633 0005319 n 3301... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

726-B-F-F-M (1793).docx

120 KBs Word File

Students Have Also Explored These Related Finance Questions!