We have monthly payments of 115 for 18 years and an annual


We have monthly payments of 115 for 18 years and an annual return of 5%. At the end of the 18th year we need 40,000 what is the formula/equation that is used to solve this question?

Request for Solution File

Ask an Expert for Answer!!
Financial Accounting: We have monthly payments of 115 for 18 years and an annual
Reference No:- TGS01690497

Expected delivery within 24 Hours