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How much money will be in account after you made payment

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Question: FV and PV of annuity non-annually

You plan to buy a house in 4 years. You want to save money for a down payment on the new house. You are able to place $314 every month at the end of the month into a savings account at an annual rate of 11.58 percent, compounded monthly. How much money will be in the account after you made the last payment?

Reference no: EM131372769

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How much money will be in account after you made payment : Finance 330- You are able to place $314 every month at the end of the month into a savings account at an annual rate of 11.58 percent, compounded monthly. How much money will be in the account after you made the last payment?
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