Question
2 % monthly interest rate, answer the following questions.Henry started saving 1200 TL each month in her investment account to buy a new car. To
2 % monthly interest rate, answer the following questions.Henry started saving 1200 TL each month in her investment account to buy a new car. To buy the car she wants, he needs 350,000 TL at the end of 3 years. At the end of the 2nd year, her boss gave a 35,000TL bonus salary which he deposited into the same account. How much more money will he need after 3 years to buy the car?
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
7th Edition
1259919714, 978-1259919718
