Question
A man wishes to accumulate 100, 000 by making monthly end of month contributions for 30 years into an account that earn 5.4% interest convertible
A man wishes to accumulate 100, 000 by making monthly end of month contributions for 30 years into an account that earn 5.4% interest convertible monthly. After 10 years the interest rate increases to 6% convertible monthly. What should his new contributions be if he still wishes to accumulate 100, 000?
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Real Estate Finance And Investments
Authors: William Brueggeman, Jeffrey Fisher
16th Edition
1259919684, 978-1259919688
