Question
Alberto saved enough tip money from working at the casino to place $125,500 in an investment account generating 9.25% compounded monthly. He want to collect
Alberto saved enough tip money from working at the casino to place $125,500 in an investment account generating 9.25% compounded monthly. He want to collect a monthly income of$1,350, at the beginning of each month, for as long as the money lasts. Approximately, how many months will Alberto have this income coming to him?
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A First Course in Quantitative Finance
Authors: Thomas Mazzoni
1st edition
9781108411431, 978-1108419574
