Question
ANNUITIES AND SINKING FUNDS If the inflation rate stays at 6% per year for the next five years, how much will the price be of
ANNUITIES AND SINKING FUNDS
If the inflation rate stays at 6% per year for the next five years, how much will the price be of a $15,000 car in five years? How much must you save at the end of each month at an interest rate of 7.3% compounded monthly to buy that car in 5 years?
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Numerical Analysis
Authors: Richard L. Burden, J. Douglas Faires
9th edition
538733519, 978-1133169338, 1133169333, 978-0538733519
