Question
A man puts $300 a month in an account yielding 4 3/8% interest for 30 years. He takes the amount that has accumulated and puts
A man puts $300 a month in an account yielding 4 3/8% interest for 30 years. He takes the amount that has accumulated and puts it into a savings account earning 6.34% interest compounded monthly for 20 years. How much money does he have after the 50 years?
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Bond Markets Analysis And Strategies
Authors: Frank J.Fabozzi
7th Edition
0136078974, 978-0136078975
