9514 1404 393
Answer:
$1814.38
Step-by-step explanation:
The future value will be ...
A = P(1 +r/n)^(nt)
where P is the principal invested at annual rate r compounded n times per year for t years.
6000 = P(1 +0.08/12)^(12·15) = P(1.00666667)^180 = 3.3069215P
P = 6000/3.3069215 = 1814.38
You need to deposit $1814.38 in the account.
