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Find the future value of a deposit of $15000 at 6% interest compounded monthly for 11 years. On September 8, Peter Pun started an
Find the future value of a deposit of $15000 at 6% interest compounded monthly for 11 years. On September 8, Peter Pun started an annuity. He arranged to have $85 deducted from his end- of-month paychecks. The money would earn 7% interest compounded monthly. (a) Find the future value of the account on December 1 using an Amortization Formula. (hint: there are three payments/periods; September, October and November)
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