Problem: Mr. Hanz would like to save 4,500 at the end of each month for 6 months in a fund that gives 9% compounded monthly. Given: R= 4,500 t= 6 months m= 12 n = 6 periods i (12) = 0.09 j = 0.0075...

Problem: Mr. Hanz would like to save 4,500 at the end of each month for 6 months in a fund that gives 9% compounded monthly.


Given: R= 4,500
t= 6 months
m= 12
n = 6 periods
i⁽¹²⁾= 0.09
j = 0.0075

Direction: Determine the future value and present value