February 22, 2017

Homework Help: annuaties

Posted by nikki on Monday, August 1, 2011 at 8:32pm.

Mr. Strupp expects to retire in 12 years. Beginning one month after his retirement, he would like to receive $500 per month for twenty years. How much must he deposit into a fund today to be able to do so if the rate of interest on the deposit is 12% compounded monthly?

Answer This Question

First Name:
School Subject:

Related Questions

More Related Questions