Question
Assume today is January 1 and you plan to invest $9,000 today in an account earning interest of 6% compounded monthly. You would like to
Assume today is January 1 and you plan to invest $9,000 today in an account earning interest of 6% compounded monthly.
You would like to calculate the amount your investment will grow to three years from now. Question: What should be the correct "n" and "i" to use for factor table purposes in order to answer your question?
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Internal Auditing Assurance And Consulting Services
Authors: Kurt Reding, Paul Sobel, Michael Head, Sridhar Ramamoorti, Urton Anderson
2nd Edition
0894136437, 978-0894136436
