Question: Don't use Excel, type it out, show all work Suppose you need $45,291 in 11 years. How much do you need to deposit today if

Don't use Excel, type it out, show all work
Suppose you need $45,291 in 11 years. How much do you need to deposit today if the annual interest rate = 2.6%, but compounded monthly? Round your answer to FOUR decimal places
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
