You want to receive $575 at the end of each year for 3 years. Interest is 6.1% compounded annually. (a) How much would
Posted: Sat Feb 19, 2022 3:40 pm
You want to receive $575 at the end of each year for 3 years.
Interest is 6.1% compounded annually. (a) How much would you have
to deposit at the beginning of the 3-year period? (b) How much
of what you receive will be interest?
Interest is 6.1% compounded annually. (a) How much would you have
to deposit at the beginning of the 3-year period? (b) How much
of what you receive will be interest?