can get 8.25% interest compound monthly? Matt and Leslie Silver want to set up a TDA that will generate sufficient interest on maturity to meet their living expenses, which they project to be $1300 per month.
Find the amount needed at maturity to generate $1300 per month interest if they can get 8.25% interest compounded monthly.
Find the amount needed at maturity to generate $1300 per month interest if they can get 8.25% interest compounded monthly.