Your friend asked you that he needs $ 60,000 in 5 years to open his new Business , and his investments earns 24 % interest per year , If he invested once a month for five years and his first payment begins today , how much each payment should be ?

Your friend asked you that he needs $60,000 in 5 years to open huis te Bosess, w his investments earns 24% interest per year, the invented crice acts on we years Question (3): (12 Marks) and his first payment begins today, how much each payment should be