How much do you need to deposit today in a financial institution that recognizes 1.76% monthly to be able to have $15,000,000 at a time? after two and a half years?

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Answer to a math question How much do you need to deposit today in a financial institution that recognizes 1.76% monthly to be able to have $15,000,000 at a time? after two and a half years?

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\frac{15000000}{\left(1+\frac{0.0176}{12}\right)^{2.5\left(12\right)}}=14354772.08

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How much do you need to deposit today in a financial institution that recognizes 1.76% monthly to be able to have $15,000,000 at a time? after two and a half years?

Answer to a math question How much do you need to deposit today in a financial institution that recognizes 1.76% monthly to be able to have $15,000,000 at a time? after two and a half years?

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