could you solve this? thank you... Sixty monthly deposits are made into an account paying 12% nominal interest per year compounded monthly. If theobjective of these deposits is to accumulate $120,000 by the end of fifth year, what is the amount of each deposit?Lüffen birini seçin:O A. $1,495O B. $2,000O C. $1,964O D. $1,464O E. $1,722

Accumulate interest is the expansion important to the chief amount of a credit or store, or at the…

ixty monthly deposits are made into an account paying 12% nominal interest per year compounded monthly. If the bjective of these deposits is to accumulate $120,000 by the end of fifth year, what is the amount of each deposit? üffen birini seçin: O A. $1,495 O B. $2,000 5 C. $1,964 O D. $1,464

ixty monthly deposits are made into an account paying 12% nominal interest per year compounded monthly. If the bjective of these deposits is to accumulate $120,000 by the end of fifth year, what is the amount of each deposit? üffen birini seçin: O A. $1,495 O B. $2,000 5 C. $1,964 O D. $1,464

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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could you solve this? thank you...

Sixty monthly deposits are made into an account paying 12% nominal interest per year compounded monthly. If the
objective of these deposits is to accumulate $120,000 by the end of fifth year, what is the amount of each deposit?
Lüffen birini seçin:
O A. $1,495
O B. $2,000
O C. $1,964
O D. $1,464
O E. $1,722

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