The monthly interest is 100.
"How much money should be deposited at 4.5 percent interest compounded monthly for 3 years?"Incomplete question.... to do what?
You will have $11576.25
635.24
313.37
The monthly interest is 100.
79.17
95
5 percent
"How much money should be deposited at 4.5 percent interest compounded monthly for 3 years?"Incomplete question.... to do what?
Deposit 4776.06 The frequency of compounding does not matter since the annual interest rate is given.
3000
$10,000 X 14% (interest) : $1,400 p.a. X 5 yrs: $7,000 over the 5yr (60 months) period. The monthly interest payment will be $116.67
You will have $11576.25
$14,693.28
226.45
V = 10000*(1.05)20 = 26532.98 dollars