Suppose that you want to save up $3500 for a semester abroad two years from now. How much do you have to put away each month in a fund that earns 5% interest compounded monthly? Round to nearest cents.

Name: Suppose that you want to save up $3500 for a semester abroad two years from now. How much do you have to put away each month in a fund that earns 5% interest compounded monthly? Round to nearest cents.
Brand: Quizplus
Rating: 4.8 (34 reviews)

Question

Quizplus · Accepted Answer

The Answer is $138.97

Suppose That You Want to Save Up $3500 for a Semester