Anthony's investment manager offers him an interest rate of 8.00% compounded monthly on his investments. How much more money would he have to deposit at the end of every month for his fund to accumulate to $408,000.00 in 13 years if the interest rate was 8.00% compounded annually?

Answer rating: 100% (QA)

To calculate the additional amount Anthony would need to deposit at the end of every month to accumu... View the full answer