\( \definecolor{colordef}{RGB}{249,49,84} \definecolor{colorprop}{RGB}{18,102,241} \)
Courses
About
Login
Register
TVM
Present Value (PV):
Future Value (FV):
Interest Rate (I%, annual):
Number of Periods (n):
Compounding per Year (C/Y):
Payment (PMT):
Calculate
C
⌫
\(\pi\)
e
\(\frac{a}{b}\)
!
←
→
(
)
\(\sqrt{\,}\)
\(a^{b}\)
7
8
9
\(\div\)
log
ln
4
5
6
\(\times\)
cos
cos⁻¹
1
2
3
-
sin
sin⁻¹
0
.
=
+
tan
tan⁻¹
Liam wants to open an investment account for his daughter's college fund. The account pays \(4.8 \pourcent\) p.a. compounded monthly. If Liam wants to have \(\dollar 30\,000\) in the account when his daughter turns 18, how much does he need to deposit now ?
7
8
9
4
5
6
1
2
3
C
0
.
dollars (round to the nearest integer)
Exit