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11. The Smith's are saving for a house and deposit $1500 every month into an account that pays 6% compounded monthly. How much of
11. The Smith's are saving for a house and deposit $1500 every month into an account that pays 6% compounded monthly. How much of a down payment will they have in 2 years? (4 marks)
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Quantitative Analysis for Management
Authors: Barry Render, Ralph M. Stair, Michael E. Hanna, Trevor S. Ha
12th edition
133507335, 978-0133507331
