Question
Elena is looking to save $1,000 at the beginning of each month starting in 3 years time once she has graduated from University. Her investments
Elena is looking to save $1,000 at the beginning of each month starting in 3 years time once she has graduated from University. Her investments will earn 4%, compounded monthly. What will be the value of her investments in 12 years' time?
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Essentials of Managerial Finance
Authors: Scott Besley, Eugene F. Brigham
14th edition
324422709, 324422702, 978-0324422702
