Question
At the end of 5 years, your friend wants to have $10,000 saved for a down payment on a house. He expects to earn 5%compounded
At the end of 5 years, your friend wants to have $10,000 saved for a down payment on a house. He expects to earn 5%compounded annualyon his investments over the next 5 years. How much would your friend have to put in his investment account each month to reach his goal?
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Management Science The Art Of Modeling With Spreadsheets
Authors: Stephen G. Powell, Kenneth R. Baker
3rd Edition
0470530677, 978-0470530672
