Question
Hi I need help finding a formula for this question. Alex has decided to place $652 in equal deposits every month at the beginning of
Hi I need help finding a formula for this question.
Alex has decided to place $652 in equal deposits every month at the beginning of the month into a savings account earning 12.23 percent per year, compounded monthly for the next 11 years. The first deposit is made today. How much money will be in the account at the end of that time period?
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Financial Markets and Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
5th edition
321280299, 321280296, 978-0321280299
