Math help!!

Question

A contract requires end-of-month payments of $180 for another 9 1/4 years. What would an investor pay to purchase this contract if she requires a rate of return of 3.6% compounded monthly? (Round your answer to 2 decimal places.)

Answer 1

Please see the following web site for the formula.

 

With the formula, you will be able to insert your values, and calculate the answer.

 

http://keisan.casio.com/exec/system/1234231998