Thursday

July 24, 2014

July 24, 2014

Posted by **MATH** on Monday, April 23, 2012 at 9:26pm.

- MATH -
**Reiny**, Monday, April 23, 2012 at 9:32pmI will assume that 7.5% per annum is compounded monthly.

so i = .075/12 = .00625

amount = 30 ( 1.00625^120 - 1)/.00628 = 5337.91

**Related Questions**

math - Xuan saved $5340 in 3 years. If he saved $95 per month in the first year ...

Math - Your Aunt will give your $1,ooo if you invest it for 10 years in an ...

Finite Math and Applied Calculus - Betty Sue sets up a retirement account. For ...

math - my house payment is 800 dollars a month @ 5.5 % interest for 30 years at ...

math - my house payment is 800 dollars a month @ 5.5 % interest for 30 years at ...

math - How much money would need to be deposited into an account earning 5.75% ...

Math - Mary B deposits $8500 into a savings account, compounded monthly at a ...

Finance - You will deposit $2,000 at the end of each of next 5 years. If the ...

Math - Please check my work, thank you If $7,800 is deposited into an account ...

Finance (Engineering Economics) - You wish to retire at 60 and, at the end of ...