Question
Bob wishes to accumulate $50000 in ten years. Payments will be made at the end of each month with an annual rate of interest of
Bob wishes to accumulate $50000 in ten years. Payments will be made at the end of each month with an annual rate of interest of 12% convertible monthly. Payments in the first five years will be twice those in the last five years. Find the amount of the last payment.
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Understanding Financial Risk Management
Authors: Angelo Corelli
1st Edition
0415746183, 978-0415746182
