Question
A typical pack-a-day smoker in Atlanta, GA spends $6.12 a day on cigarettes. Suppose the smoker invests this money at the end of each month
A typical pack-a-day smoker in Atlanta, GA spends $6.12 a day on cigarettes. Suppose the smoker invests this money at the end of each month in a saving account at 2.5% compounded monthly. What would the account be worth after 40 years? (HINT: you will need to first find the monthly cost of the daily spending-assume 30 days a month.)
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The Risk Modeling Evaluation Handbook Rethinking Financial Risk Management Methodologies In The Global Capital Markets
Authors: Greg Gregoriou, Christian Hoppe, Carsten Wehn
1st Edition
0071663703, 978-0071663700
