Question
1) Anna wants to save $22,000 in 3 years time by putting a little money a side for each month in her saving accounts and
1) Anna wants to save $22,000 in 3 years time by putting a little money a side for each month in her saving accounts and her bank is offering 2% interest rate on saving accounts. How much money Anna need to put a side each month till she reaches her goal?
2) Anna wants to save $38,000 in 3 years time by putting a little money a side for each month in her saving accounts which is offering 2% interest rate on saving accounts. How much money Anna need to put a side till she reaches her goal?
3) Anna wants to save $70,000 in 3 years time by putting a little money a side for each month in her saving accounts which is offering 2% interest rate on saving accounts. How much money Anna need to put a side till she reaches her goal?
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Derivatives Markets
Authors: Robert McDonald
3rd Edition
978-9332536746, 9789332536746
