Find money to receive if first receipt occurs one year
If money is worth 6% compounded annually to you, then you should prefer to receive $1750 per year for 5 years than to receive $ 1000 per year for 10 years, assuming the first receipt occurs one year from today in both cases?
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If money is worth 6% compounded annually to you, then you should prefer to receive $1750 per year for 5 years than to receive $ 1000 per year for 10 years, assuming first receipt occurs one year from today in both cases?
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What equal monthly invesmet is required over a 50 year period to achieve a balance of $2600000 in an investment account that payes monthly interest of 3/4 percent?
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