Lux Investing

How much must you invested(present value)if you wish to receive $1600/mth for 3yrs if the interest paid is 10%

Public Comments

1. shut up
2. $192000.00 the interest on 192,000.00 paid over 36 months is $1600.00 every month fixed. (no compounding)
3. You didnt say whether you wanted your initial investment back. That is (a) do you want to receive $1600 per month which includes interest and repayment of capital? Like an annuity. Or (b) do you want $1600 per month interest and then repayment of your investment capital at the end of 3 years? For (a) you'd need $50,000 and for (b) $192,000 Also I have presumed by 10% you mean per annum rather than for the whole term.