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The mathematics department has just received a $200000 donation. The department wants to invest in an annuity so that they can gove a prize every month to its most improved math student for next 15 years. The bank is offering 4.5% compounded monthly. What would be the size of the department’s monthly prize offered?

Posted this question 1000times plz someone answer, i beg plz help

Question about financial application functions

Plz help me with this question ASAP( being timed)

Plz show all working

Thank you so much God bless you

Sagot :

howsurday2
i think the answer is 6.7
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