Question 1204778


{{{FV=P(((1+r/n)^(nt)-1)/(r/n))}}}


{{{FV=82000}}}

{{{r=4}}}%={{{0.04}}}

{{{t=18 }}}years

{{{n=12}}} months


{{{82000=P(((1+0.04/12)^(12*18)-1)/(0.04/12))}}}

{{{82000 = P(315.592)}}}

{{{P=82000 /(315.592)}}}

{{{P=259.83}}} 

should you deposit ${{{259.83}}} monthly