Question
Crystal Enterprise wants to accumulate a total sum of $607,000 in a few years. They want to deposit $124,200 today and make additional $41,120 deposits
Crystal Enterprise wants to accumulate a total sum of $607,000 in a few years. They want to deposit $124,200 today and make additional $41,120 deposits at the end of every year thereafter. How long will it take to accumulate the $607,000 if interest rate is 8.71% compounded monthly?
| P/Y = |
| C/Y = |
| N = |
| I/Y = |
| PV = |
| PMT = |
| FV = |
Report your answer in years and months as whole numbers below. It will take years and months.
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Recent Advances In Computational Finance
Authors: Nikolaos S. Thomaidis, Jr. Dash, Gordon H.
1st Edition
1626181233, 978-1626181236
