How many deposits will be required to have a present value


Problem

Tony decided to deposit $11,000 at the end of 11 months and $250 per month thereafter. How many deposits will be required to have a present value today of $16,868.68 if money is worth 17%, compounded monthly?

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: How many deposits will be required to have a present value
Reference No:- TGS03280153

Expected delivery within 24 Hours