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engalketbi
New Member

USA
1 Posts
Posted - 06/14/2010 :  10:47:11  Show Profile  Reply with Quote
i need a help to solve this question please.

15. With the APR at 12% compounded monthly, how much needs to be deposited monthly beginning one month from now in order to accumulate $10,000 in 2 years?

Regards,
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Subhotosh Khan
Advanced Member

USA
9069 Posts
Posted - 06/20/2010 :  16:34:55  Show Profile  Reply with Quote
quote:
Originally posted by engalketbi

i need a help to solve this question please.

15. With the APR at 12% compounded monthly, how much needs to be deposited monthly beginning one month from now in order to accumulate $10,000 in 2 years?

Regards,

Please share your work with us, indicating exactly where you are stuck - so that we may know where to begin to help you.
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