Mathematics, 02.08.2019 07:00 dianathedad
You are considering investing in a bank account that pays a nominal annual rate of 7%, compounded monthly. if you invest $3,000 at the end of each month, how many months will it take for your account to grow to $200,000?
Answers: 1
: Future value. ($200,000)
: Present value. ($3,000)
: Annual percentage rate (APR) changed into a decimal. (7%)
: Numbers of years. (?)
: Number of compounding periods per year (12)
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You are considering investing in a bank account that pays a nominal annual rate of 7%, compounded mo...
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