Frank has always dreamed of opening a café.he will save to help open
Frank has always dreamed of opening a café.he will save to help open
the café by depositing money in an ordinary annuity that earns 6.6% interest, compounded monthly. Deposits will be made at the end of each month.
How much money will he need to deposit into the annuity each month for the annuity to have a total value of $
24,000 after 9 years?