How much would you have to deposit at the end of the year in an...
60.2K
Verified Solution
Link Copied!
Question
Basic Math
How much would you have to deposit at the end of the year in an account that pays an interest rate of 7.16% compounded monthly if at the end of 15 years you want $20,000 in the account? Use the TMV calculator to fill in the table.N_____________I%__________PV__________PMT__________FV___________P/Y___________C/Y_________
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
