If a bank pays 7% compounded monthly, how much should be deposited now to have $2000...

 

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If a bank pays 7% compounded monthly, how much should be deposited now to have $2000 : a) 5 years later Answer = $ b) 3 years later Answer = $ If a bank pays 7% compounded monthly, how much should be deposited now to have $2000 : a) 5 years later Answer = $ b) 3 years later Answer = $

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The question is asking for the present value of 2000 which will be received in the future with an in... View the full answer