Starting one month from now, you need to withdraw $210 per month from your bank account to help cover the costs of your university education.  You will continue the monthly withdrawals for the next four years.  If the account pays 0.4% interest per month.

How much money must you have in your bank account today to support your future needs?

Answer rating: 100% (QA)

We can use the present value formula to calculate the amount o... View the full answer