382,966 views
1 vote
1 vote
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 Jason Mathews
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2.0k points

2 Answers

23 votes
23 votes
I think it should be around 405$ per year
User Daj
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3.2k points
22 votes
22 votes
What is the starting amount?
User Rdxdkr
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3.1k points
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