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A savings plan requires deposits of $536 per month for 23 months commencing in 1 month from today. If the interest rate is 10.8% p.a
A savings plan requires deposits of $536 per month for 23 months commencing in 1 month from today. If the interest rate is 10.8% p.a compounding monthly, the value of the investment immediately after the last deposit will be (round to nearest cent; dont use $ sign or commas):
Select one:
a. $13751.60
b. $1194.47
c. $13628.94
d. $1078.04
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