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How much would you need to deposit in an account now in order to have $3000 in the account in 10 years? Assume the account earns 4% interest compounded monthly.

How much would you need to deposit in an account now in order to have $3000 in the account in 10 years? Assume the account earns 4% interest compounded monthly.
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How much would you need to deposit in an account now in order to have $3000 in the account in 10 years? Assume the account earns 4% interest compounded monthly.

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User Blazer
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8.1k points

1 Answer

4 votes
300 would be without 4% interest
answered
User Hasan Haghniya
by
8.5k points
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