Question
How much does a depositor have to save at the beginning of every month for 30 years to accumulate $1,000,000 if interest is 6% compounded
How much does a depositor have to save at the beginning of every month for 30 years to accumulate $1,000,000 if interest is 6% compounded semi-annually?
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Step: 1
To calculate the monthly deposit required to reach 1000000 in 30 years with 6 interest compounded ...
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
10th edition
133052311, 978-0133052312
