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John makes an investment of 11700 into an account that pays interest compounded annually. In addition, he makes a yearly deposit of $180. At the
John makes an investment of 11700 into an account that pays interest compounded annually. In addition, he makes a yearly deposit of $180. At the end of 3 years, his balance is 16700. Determine the interest he earned on the savings account. John annual percentage rate on his investment was Time Value of Money Solver Enter the given values. N:= 0 Solve Number of Payment Periods I:%= 0 Solve Annual Interest Rate as a Percent PV:= 0 Solve Present Value PMT:= 0 Solve Payment FV:= 0 Solve Future Value P/Y: 12 Payments per Year C/Y: 12
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