Question
I have to find i(the rate perperiod) and n(the number ofperiods) for the following annuity. Monthly deposits of $355 are made for 6 years into
I have to find i(the rate perperiod) and n(the number ofperiods) for the following annuity.
Monthly deposits of $355 are made for 6 years into an annuity that pays 6.5% compounded monthly.
i = (type an integer or decimal rounded to four decimal places as needed)
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Economics
Authors: Gregory Mankiw, Mark P. Taylor
5th Edition
1473768543, 978-1473768543
