Quincy made equal deposits at the end of every month for five years into an investment fund.
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Quincy made equal deposits at the end of every month for five years into an investment fund. He then left the money in the fund to grow for another four years. If the fund earned 4% compounded monthly for the entire period and the accumulated amount at the end of the term was $100,000, calculate the size of the periodic deposit.
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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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