Charlie makes monthly deposits into an account earning j12 = 6%.His first deposit is $P and each monthly deposit thereafter increases by $80.One month after his 24th deposit,he has accumulated $36,415.What is P?
A) $530.95
B) $528.30
C) $526.44
D) $523.85
Correct Answer:
Verified
Q60: An endowment fund is set up today.It
Q61: A loan of $150,000 are to be
Q62: Lottery winnings of $250,000 are to be
Q64: You deposit $A today in a fund
Q66: A scholarship fund is set up with
Q67: A person aged 25 will contribute 5%
Q68: A scholarship fund has $50,000 in it
Q69: Whassamatter U.sets up a scholarship fund.The first
Q70: Deposits are made into an account at
Q73: A man deposits $50 into a fund
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents