SOLUTION: How much money would yo have accumulated in an investment in order that the yearly interest paid (simple) is equal to $60,000 in the investment pays 7.2%? And using the target from
Question 466922: How much money would yo have accumulated in an investment in order that the yearly interest paid (simple) is equal to $60,000 in the investment pays 7.2%? And using the target from the previous problem, find the monthly payment required to accumlate this balance over the course of 20 years. Answer by Big Poop(157) (Show Source):