Anne has already saved $6,400. She will deposit this into a savings account that earns 4.1% compounded
Question:
Anne has already saved $6,400. She will deposit this into a savings account that earns 4.1% compounded semiannually. Anne's goal is to have a total of $75,000 in six gears from now. How much will she need to deposit to her savings account at the end of every month for the next six years in order to reach her goal?
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At the end of six years the investments total FV will be ...View the full answer
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Related Book For 
Fundamentals Of Business Mathematics In Canada
ISBN: 9781259370151
3rd Edition
Authors: F. Ernest Jerome, Jackie Shemko
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