Question

much money would you need to deposit today at 9%, annual interest Compounded monthly to have $12000 after 6 years in account​

Answer 1

Resposta:

$ 7155,64

Explicação:

M = C (1+i)^n

12000 = C (1+0,09)^6

12000 = C(1,09)^6

12000 = C.1,677

C = 12000/1,677

C = 7155,64