Question
How much more or less money would you have to invest today to have $7,000 in 5 years at 5.10% compounded monthly instead of
How much more or less money would you have to invest today to have $7,000 in 5 years at 5.10% compounded monthly instead of 5.26% compounded annually? Express the answer with a positive sign if more needs to be invested or negative sign for less, rounded to two decimal places
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Foundations of Finance The Logic and Practice of Financial Management
Authors: Arthur J. Keown, John D. Martin, J. William Petty
8th edition
132994879, 978-0132994873
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