if annual interest is 2.6%,then monthly rate will be 2.6%/12.The period through which the initial investment will be compounded is 6 years X 12 months = 72 months.We then have the equation :(Amount to...
if annual interest is 2.6%,then monthly rate will be 2.6%/12.The period through which the initial investment will be compounded is 6 years X 12 months = 72 months.We then have the equation :(Amount to...