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Find the amount at maturity to generate $1300 / month interest if they
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<blockquote data-quote="nerd" data-source="post: 2656926" data-attributes="member: 300970"><p>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.</p><p></p><p>Find the amount needed at maturity to generate $1300 per month interest if they can get 8.25% interest compounded monthly.</p></blockquote><p></p>
[QUOTE="nerd, post: 2656926, member: 300970"] 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. [/QUOTE]
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