Page 1 of 1
It should be invested into a monthly annuity-due of 25 EUR paid in the beginning of each month. Interest rate is calcula
Posted: Sat Feb 19, 2022 2:32 pm
by answerhappygod
- It Should Be Invested Into A Monthly Annuity Due Of 25 Eur Paid In The Beginning Of Each Month Interest Rate Is Calcula 1 (33.86 KiB) Viewed 46 times
It should be invested into a monthly annuity-due of 25 EUR paid in the beginning of each month. Interest rate is calculated on monthly basis with the nominal annual interest rate being equal to 6.00 %. Please determine after how many years the account balance has reached 1,500.00 EUR, Select one: A. 7.1 years B. 9.7 years C. 3.5 years D. 4.4 years