A company plans to purchase a new piece of equipment in 36 months. If $3105 is deposited into a savings account at the end of each month at 2.15% p.a. compounded monthly, how much money will be...

A company plans to purchase a new piece of equipment in 36 months. If $3105 is deposited into a savings<br>account at the end of each month at 2.15% p.a. compounded monthly, how much money will be available in 36<br>months to purchase the equipment? State your answer in dollars ($) with two decimals.<br>

Extracted text: A company plans to purchase a new piece of equipment in 36 months. If $3105 is deposited into a savings account at the end of each month at 2.15% p.a. compounded monthly, how much money will be available in 36 months to purchase the equipment? State your answer in dollars ($) with two decimals.

Jun 09, 2022

SOLUTION.PDF

A company plans to purchase a new piece of equipment in 36 months. If $3105 is deposited into a savings account at the end of each month at 2.15% p.a. compounded monthly, how much money will be...

Get Answer To This Question

Related Questions & Answers

Submit New Assignment