Joe deposits $500 at the end of each month for the next five years a credit union account paying 5 1/2%, compound monthl

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answerhappygod
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Joe deposits $500 at the end of each month for the next five years a credit union account paying 5 1/2%, compound monthl

Post by answerhappygod »

Joe deposits $500 at the end of each month for the next five
years a credit union account paying 5 1/2%, compound monthly. How
many payments will he make?
A) 5 B) 12 C) none of these D) 60 E) 5.5
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