Question
Henry wants to have $25,000 in an account on 31 Dec 2019. If he invest $21,000 in a new account on 31 December 2016, where
Henry wants to have $25,000 in an account on 31 Dec 2019. If he invest $21,000 in a new account on 31 December 2016, where annual interest rate is 6% compounded monthly, is he going to achieve his goal?
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Case Studies In Finance
Authors: Robert Bruner, Kenneth Eades, Michael Schill
6th Edition
0073382450, 978-0073382456
