Use the TVM Calculator to solve the following compound interest problem. Round your result to two decimal places as needed. You invest $ 15 , 000 in an account. The interest is compounded monthly at an annual rate of 10.6 % . The ending account balance will be $ 81 , 174.68 . How many months was the investment accruing interest? Enter the values you need to put in the TVM calculator. Put the letter x for the unknown value. Remember that money paid to the bank is negative and money received from the bank is positive. PV= Present Value N= Number of Compounding Periods PMT= Payment I%= Annual Interest Rate as a Percent FV= Future Value P/Y and C/Y= Payments per Year and/or Compoundings per Year Use the link to the TVM Calculator below to solve the problem. The investment was accruing interest for months.

Use the TVM Calculator to solve the following compound interest problem. Round your result to two decimal places as needed. You invest $ 15 , 000 in an account. The interest is compounded monthly at an annual rate of 10.6 % . The ending account balance will be $ 81 , 174.68 . How many months was the investment accruing interest? Enter the values you need to put in the TVM calculator. Put the letter x for the unknown value. Remember that money paid to the bank is negative and money received from the bank is positive. PV= Present Value N= Number of Compounding Periods PMT= Payment I%= Annual Interest Rate as a Percent FV= Future Value P/Y and C/Y= Payments per Year and/or Compoundings per Year Use the link to the TVM Calculator below to solve the problem. The investment was accruing interest for months.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 3PB: Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate...

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