Question
For 14 years, Janet saved $800 at the beginning of every month in a fund that earned 4.5% compounded annually. a. What was the balance
For 14 years, Janet saved $800 at the beginning of every month in a fund that earned 4.5% compounded annually.
a. What was the balance in the fund at the end of the period?
b. What was the amount of interest earned over the period?
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Corporate Financial Management
Authors: Julian Ralph Franks, Harry H. Scholefield
2nd Edition
0566020548, 978-0566020544
