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-   -   27,000 in three years at 6% interest compounded monthly how much do I need to invest (https://www.askmehelpdesk.com/showthread.php?t=808868)

  • Mar 1, 2015, 01:41 PM
    helpcrazy
    27,000 in three years at 6% interest compounded monthly how much do I need to invest
    27,000 in three years at 6% interest compounded monthly how much do I need to invest.
  • Mar 1, 2015, 05:18 PM
    joypulv
    6% annually, I assume, not 6% monthly


    Calculation programs are all over the net. Your answer is $22,600 give or take a few dollars. Had to contribute $1 once a year.
    http://www.bankrate.com/calculators/retirement/investment-goal-calculator.aspx

    (If someone says they can earn 6% monthly, you are being scammed.)
  • Mar 2, 2015, 09:22 AM
    pready
    Looks like a homework problem.

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