Question
Assume that you have found an investment fund that will earn you $500 at the end of each month for 10 years. However, you will
Assume that you have found an investment fund that will earn you $500 at the end of each month for 10 years. However, you will receive your first payment 2 years from now. The investment yield is 6% compounded monthly. How much do you need to deposit today?
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Investments An Introduction
Authors: Herbert B. Mayo
13th Edition
0357127951, 978-0357127957
