If your account earns 0.25% of interest every month, and if you make an initial deposit of

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If your account earns 0.25% of interest every month, and if you make an initial deposit of $10,000 today, how much do you need to deposit every month in your account in order to have exactly $40,000 in 4 years? (assume monthly compounding)

Posted Date: Nov 21, 2021 04:27 PM

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If your account earns 0.25% of interest every month, and if you make an initial deposit of

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Let you deposit x for 4 years 124 48 times get 40000at the end of four year So we c... View the full answer

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