Question: I need help with getting the correct answer with explaining, please. A bank account has a balance today of $38,000. How much must be deposited
I need help with getting the correct answer with explaining, please.
A bank account has a balance today of $38,000. How much must be deposited at the end of each year to have a balance of $3,000,000 in 29 years if the interest rate is 10% ? Answer Format: Enter your answer as a number rounded to 2 decimal places. An answer of 23.456 would be entered as 23.46
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
