what was the problem?

You want to save $20000 in five years earning 6% interest, how much you have to put away each month?

Your answer is correct if that is the problem.

 

所有跟帖： 

• The problem is where do you get 6% interest rate, compound month -howcan^- ♀ (0 bytes) () 10/05/2011 postreply 06:25:26

• compound monthly these days. -howcan^- ♀ (0 bytes) () 10/05/2011 postreply 06:25:58

• yes anual would be 6% and monthly would be 0.5% effective intere -星星- ♀ (24 bytes) () 10/05/2011 postreply 08:03:33