Kevin would like to grow the balance in his savings account at NAB to $5,600 at the end of 12 years. How much money would he need to deposit today if the account pays an interest rate of 5.5% per year.
Initial deposit: $________

Question

19-06-2024
Business

Answered

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Kevin would like to grow the balance in his savings account at NAB to $5,600 at the end of 12 years. How much money would he need to deposit today if the account pays an interest rate of 5.5% per year.
Initial deposit: $________

Sagot :

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