Determine the current amount of money that must be invested, Business Economics

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Determine the current amount of money that must be invested

Determine the current amount of money that must be invested at 15?% nominal? interest, compounded?monthly, to provide an annuity of ?$11,500 ?(per year) for 4 ?years, starting 13 years from now. The interest rate remains constant over this entire period of time.

The current amount of money that must be invested is $ ?

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Business Economics: Determine the current amount of money that must be invested

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Business Economics: Determine the current amount of money that must be invested

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