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How much money should be deposited today in an account that earns 4 % compounded monthly so that it will accumulate to $15,000 in three​ years? ​

How much money should be deposited today in an account that earns 4 % compounded monthly so that it will accumulate to $15,000 in three​ years? ​
asked 201k views
1 vote
How much money should be deposited today in an account that earns

4 %

compounded monthly so that it will accumulate to

$15,000

in three​ years?


​

asked
User Akhilesh Mishra
by
8.0k points

1 Answer

3 votes

Answer:

21,600

Explanation:

answered
User Appersiano
by
8.3k points
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