An investment banker would like to receive $1000 at the beginning of every month from her investment
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An investment banker would like to receive $1000 at the beginning of every month from her investment fund for a period of 10 years. The fund is earning 6% compounded monthly. Calculate the amount of money she should deposit if the first payment is to be received in 3 years and 6 months.
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Related Book For 
Mathematics Of Business And Finance
ISBN: 9781927737545
4th Edition
Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans
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