document.write( "Question 1054702: Brown needs $5,000 in three years. If the interest rate is 9% compounded monthly, how much should she save at the end of each month to have that amount in three years? \n" ); document.write( "

Algebra.Com's Answer #670044 by MathTherapy(10552) $\"\"$ $\"About$

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Brown needs $5,000 in three years. If the interest rate is 9% compounded monthly, how much should she save at the end of each month to have that amount in three years?
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You need to use the formula for payments on an ORDINARY ANNUITY, with a future value of $5,000. 
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document.write( "This formula considers end-of-month payments as opposed to beginning-of-month payments, and should give monthly payments of:  \n" );
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