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years x needs $51,390 $51,390 at the end of 6 to purchase a new car. What amant is needed to deposit monthly at 1.5% (pia)?
years x needs $51,390 $51,390 at the end of 6 to purchase a new car. What amant is needed to deposit monthly at 1.5% (pia)? = A) PMT(Annuity) = Roi (p.a.) = 1% Period Erture Value = 51,390 72 Rayments - 12 months = 72 B) into in order Determine the deposit you would make Sinking fund at siven late and time to save money to buy the Car along with What the contributions and interest earned would be. Contributions How much interest Eamed = Information a month. Amunt of Deposited Fund - 51390 flow often is the Deposit made = 1 time Rate Chosen =1.5 Amount of time 6 It took Years
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