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i have two payments to make, the first is 11000 USD at the end of year 4; the second 16000 at the end of year
i have two payments to make, the first is 11000 USD at the end of year 4; the second 16000 at the end of year 5.
How much should i deposit in the bank today in order to secure those 2 payments if the interest at the bank is 3.75%?
how long in years, months and days will it take my money to become tenfold if the interest at the bank is 3.75% compounded monthly?
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