A person wants to save for a year in an investment house that guarantees a 15.8% return compounded monthly. His salary is Q9000 per month and at the beginning of each month he deposits 15% of this. How much will you have at the end of a year?

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Answer to a math question A person wants to save for a year in an investment house that guarantees a 15.8% return compounded monthly. His salary is Q9000 per month and at the beginning of each month he deposits 15% of this. How much will you have at the end of a year?

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Jayne

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Monto del depósito = 9000 * 0,15 = 1350 cada mes Pago = 1350 norte = 1*12 = 12 r = 15,8%/12 = 0,01317 FV = \frac{1350\cdot\left(\left(1.01317\right)^{12}-1\right)}{0.1317}=17426.20

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