How much should be deposited in an account paying 3.5% interest, compounded monthly, in order to have a balance of $ 9,000 after 17 years and 3 months?

Question

How much should be deposited in an account paying 3.5% interest, compounded monthly, in order to have a balance of $  9,000 after  17 years and  3 months?

Mark M. · Accepted Answer

9000 = p(1 + 0.035/12)207Can you solve for p and answer?

How much should be deposited in an account paying 3.5% interest, compounded monthly, in order to have a balance of $ 9,000 after 17 years and 3 months?

1 Expert Answer

Still looking for help? Get the right answer, fast.

OR

RELATED TOPICS

RELATED QUESTIONS

Two forces of 55N and 85N act on an object simultaneously and the resultant force is 125N. What is the measurement of the angle between the two forces?

What are the values of all the cube roots (Z = -4v3 - 4i)?

1/x-1/2=2-x/2x

I need help trying to sole tan^2 x =1 where x is more than or equal to 0 but x is less than or equal to pi

how do i solve these?

RECOMMENDED TUTORS

IXL

Rosetta Stone

Education.com

TPT

Vocabulary.com

ABCya

SpanishDictionary.com

Inglés.com

Emmersion

How much should be deposited in an account paying 3.5% interest, compounded monthly, in order to have a balance of $ 9,000 after 17 years and 3 months?

1 Expert Answer

Still looking for help? Get the right answer, fast.

OR

RELATED TOPICS

RELATED QUESTIONS

Two forces of 55N and 85N act on an object simultaneously and the resultant force is 125N. What is the measurement of the angle between the two forces?

What are the values of all the cube roots (Z = -4v3 - 4i)?

1/x-1/2=2-x/2x

I need help trying to sole tan^2 x =1 where x is more than or equal to 0 but x is less than or equal to pi

how do i solve these?

RECOMMENDED TUTORS

find an online tutor