Question
Find the periodic payments PMT necessary to accumulate the given amount in an annuity account. HINT [See Quick Example 2.] (Assume end-of-period deposits and compounding
Find the periodic payments PMT necessary to accumulate the given amount in an annuity account. HINT [See Quick Example 2.] (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.)
$90,000 in a fund paying 3% per year, with monthly payments for 5 years
PMT = $
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AI In The Financial Markets
Authors: Federico Cecconi
1st Edition
3031265173, 978-3031265174
