Answer to Question #210443 in Financial Math for Will

Question #210443

You need $2800 to go on your dream vacation with friends. Starting your first day of University, how much money per month would you need to put into a savings account that gives you 3%/a compounded monthly?

Expert's answer

Answer in progress...

Learn more about our help with Assignments: Math

Comments

No comments. Be the first!

Leave a comment

Related Questions

1. katy took out a loan for $12000 over 3 years, if her total loan repayments amounted to $18750, calcu
2. A family has an $80,000, 20-year loan at 8% compounded monthly. (a) Find the monthly payment and the
3. The First Edition Book Store wants $60000 to upgrade its computer system in 3 years. The store can s
4. Cathy is a supermarket manager who has $50000 to invest for a period of 5 years, and the bank offers
5. A $550.000 home loan is amortized by equal monthly payments for 25 years at anominal rate of interes
6. Bonita intends to open a small fabric shop and borrows the money for it from her aunt Magda. Bonita
7. Frieda will discharge a debt of R500 000 six years from now, using the sinking fund method. The inte