John makes an investment of 9600 into an account that pays interest compounded annually. In addition, he makes a yearly

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John Makes An Investment Of 9600 Into An Account That Pays Interest Compounded Annually In Addition He Makes A Yearly 1 (43.52 KiB) Viewed 40 times

John makes an investment of 9600 into an account that pays interest compounded annually. In addition, he makes a yearly deposit of $160. At the end of 6 years, his balance is 14600. Determine the interest he earned on the savings account. John annual percentage rate on his investment was Time Value of Money Solver The Nominal Rate cannot be computed. N: = Number of Payment Periods I:% = 0 Annual Interest Rate as a Percent PV: = Present Value PMT: = Payment FV: = Future Value P/Y: 1 Payments per Year C/Y: Compounding Periods per Year PMT: = END Solve Solve Solve Solve Solve