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Pls help Anthony is going to invest in an account paying an interest rate of 4.6% compounded monthly. How much would Anthony need to invest, to the nearest ten dollars, for the …

Pls help Anthony is going to invest in an account paying an interest rate of 4.6% compounded monthly. How much would Anthony need to invest, to the nearest ten dollars, for the …
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pls help Anthony is going to invest in an account paying an interest rate of 4.6% compounded monthly. How much would Anthony need to invest, to the nearest ten dollars, for the value of the account to reach $240,000 in 20 years?

User Sean DeNigris
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2 Answers

3 votes
I think it should be around 405$ per year
User Scott Bartell
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7.8k points
9 votes
What is the starting amount?
User Ryan Nelson
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8.8k points
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