Question
How much would you have to deposit each month into an account that earns 5% interest (compounded monthly) if you wanted to have $17,473 9
How much would you have to deposit each month into an account that earns 5% interest (compounded monthly) if you wanted to have $17,473 9 years from now? (Your first deposit will be one month from now and your last 9 years from now.)Hint: How many months does 9 years equal?
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Practical Financial Management
Authors: William R. Lasher
8th edition
1305637542, 978-1305887237, 1305887239, 978-1305637542
