Ask Question
Today, 13:21

Danielle plans on making monthly payments into an account that earns 2.5% compounded monthly. If she wants $10,000 in 22 years, what do her payments need to be?

+4
Answers (1)
  1. Today, 13:32
    0
    5,500

    Step-by-step explanation:

    I=PRT/100

    Then

    I = 2.5*10,000*22/100

    I=#5,500
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Danielle plans on making monthly payments into an account that earns 2.5% compounded monthly. If she wants $10,000 in 22 years, what do her ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers