barrymickles barrymickles

15-05-2020
Mathematics

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How much would I have to deposit now in order to have 150,000 in 18 years

How much would I have to deposit now in order to have 150000 in 18 years class=

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ayyywam ayyywam

15-05-2020

Answer:

I think the answer is $41.66

Step-by-step explanation:

I found how many months it was, which was 216.

Divided 150,000 by 216, which was 694.44.

And lastly, I multiplied 694.44 by 0.06(the same as 6%) and that gave me 41.66.

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