Asked by Terri
A couple deposits 459 per month paying 6% compounded monthly how much would be in the account in 5 years
Answers
Answered by
Reiny
paym = 459
n = 5(12) = 60
i = .06/12 = .005
amount = 459 ( 1.005^60 - 1)/.005
= ...
you do the button-pushing.
n = 5(12) = 60
i = .06/12 = .005
amount = 459 ( 1.005^60 - 1)/.005
= ...
you do the button-pushing.
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