Question
Bam will need 2,000,000 for the university education of his newborn son in 18 years. He can deposit an amount a every month beginning in
Bam will need 2,000,000 for the university education of his newborn son in 18 years. He can deposit an amount a every month beginning in one month's time into an investment account that grows at 12% compounded monthly. What is a?
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Foundations of Macroeconomics
Authors: Robin Bade, Michael Parkin
8th edition
134492005, 978-0134492001
