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Lada Lada
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5 years ago
What is the size of end-of-month monthly deposits which will accumulate to $122 200.00 after six years if interest is 5.7% compounded monthly?
Textbook 

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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AxyAxy
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Posts: 348
5 years ago
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More solutions for this book are available here
122200.00 = PMT 
122200.00 = PMT(85.6044029)
$1427.50 = PMT
The size of the monthly deposit is $1427.50

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3 weeks ago
Thank you
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