Question
A loan amount of $26,257 will be due after 6 years. John has a deposit plan to deposit $6,847 at the end of each year
A loan amount of $26,257 will be due after 6 years. John has a deposit plan to deposit $6,847 at the end of each year for the next 6 years. If the deposit generates 12% interest compounded monthly, find the deficit or surplus amount from this deposit plan to repay the total loan amount after 6 years.
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Technical Analysis Of Stock Trends
Authors: Robert D. Edwards, John Magee
6th Edition
1599180219, 978-0139043437
