Please answer correct How much money should the company invest today, in a bank account that offers a compound yearly interest rate of 6% paid monthly, to get the same amount than in question 1b) but in nine years' time? b) And how long should be the investment if the initial payment is 250,000 € and you want to earn the same money than in question 1b)

Business Jan 13, 2023

Please answer correct

How much money should the company invest today, in a bank account that offers a compound yearly interest rate of 6% paid monthly, to get the same amount than in question 1b) but in nine years' time? b) And how long should be the investment if the initial payment is 250,000 € and you want to earn the same money than in question 1b). The bank offers a compound yearly interest rate of 6% paid monthly.