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dont mind the answers, can someone re answer all parts please Elon Musk wants to save $22,000,000.00. He makes deposits of $441,700.21 every year into
dont mind the answers, can someone re answer all parts please
Elon Musk wants to save $22,000,000.00. He makes deposits of $441,700.21 every year into an investment account at the start of each period) and it takes him 18 periods to reach his target. a) This question deals with the future value of an annuity due b) There will be 18 payments. The payment period is annual c) The payment amount is $ 441700.21 d) The effective interest rate per period is 3.6 % e) The present/future value is $ 22000000Step by Step Solution
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