How much should you deposit every month in an account that pays 7 5 monthly to save 3,000 in 2 years An investment in insurance promises that you will receive $400 at the end of every 6 months for 15 years If the return on the investment is 6 2 , compounded semi annually, how much needs to be inves...

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How much should you deposit every month in an account that pays 7.5% monthly to save 3,000

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How much should you deposit every month in an account that pays 7.5% monthly to save 3,000 in 2 years?
An investment in insurance promises that you will receive $400 at the end of every 6 months for 15 years. If the return on the investment is 6.2%, compounded semi-annually, how much needs to be invested today to provide payouts for 15 years?

Posted Date: May 18, 2024 03:08 AM

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How much should you deposit every month in an account that pays 7.5% monthly to save 3,000

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