Howard is saving for a long holiday. He deposits a fixed amount every month in a bank account with an EAR of 14.1%. If this
Howard is saving for a long holiday. He deposits a fixed amount every month in a bank account with an EAR of 14.1%. If this account pays interest every month then how much should he save from each monthly paycheck in order to have $ 12000 in the account in six years' time?
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Authors: Judith J. Baker, R.W. Baker
3rd Edition
076377894X, 978-0763778941
