Raymond B. answered 09/25/23
Tutor
5
(2)
Math, microeconomics or criminal justice
10,000 = P(1+.025/12)^12(3)
solve for P= about $9278.16
Tina T.
asked 09/23/23How much money should be deposited today in an account that earns 2.5% compounded monthly so that it will accumulate to $10,000 in three years
Raymond B. answered 09/25/23
Math, microeconomics or criminal justice
10,000 = P(1+.025/12)^12(3)
solve for P= about $9278.16
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