SOLUTION: Determine the monthly amount to be deposited into a saving account which yields 4.2% interest for the final value to be $18,000 after 8 years.
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Question 1062871: Determine the monthly amount to be deposited into a saving account which yields 4.2% interest for the final value to be $18,000 after 8 years.
You can put this solution on YOUR website! ( simple interest formula )
Number of months in 8 yrs =
$140.34 must be deposited each month
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You can put this solution on YOUR website! Determine the monthly amount to be deposited into a saving account which yields 4.2% interest for the final value to be $18,000 after 8 years.
