Find how much money needs to be deposited now into an account to obtain $900 (Future Value) in 9 years if the interest rate is 4.5% per year compounded monthly (12 times per year).
Find how much money needs to be deposited now into an account to obtain $900 (Future Value) in 9 years if the interest rate is 4.5% per year compounded monthly (12 times per year).
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Find how much money needs to be deposited now into an account to obtain $900 (Future Value) in 9 years if the interest rate is 4.5% per year compounded monthly (12 times per year).
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