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How much could receive every month for five years

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Reference no: EM132662776

You want to receive $5,000 per month for the next 5 years.

Problem 1: How much would you need to deposit today if you can earn 0.75% per month?

Problem 2: What monthly rate would you need to earn if you only have $200,000 to deposit?

Suppose you have $200,000 to deposit and can earn 0.75% per month.

Problem 3: How many months could you receive the $5,000 payment?

Problem 4: How much could you receive every month for 5 years?

 

Reference no: EM132662776

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