Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman

تمرين 124

Solve the following exercises by using Table 12-2.
Silver Tip Golf Course management has contracted to pay a golf green maintenance specialist a $680 monthly fee at the end of each month to provide advice on improving the quality of the greens on its 18-hole course. How much should be deposited now into an account that earns 6% compounded monthly to be able to make monthly payments to the consultant for the next year?