Question
If ICICI Bank pays you an 8% annual interest, compounded monthly. Suppose you deposit Rs 100 each month for 18 years. a) What is the
If ICICI Bank pays you an 8% annual interest, compounded monthly. Suppose you deposit Rs 100 each month for 18 years. a) What is the total amount you deposited? b) What is the future value of the account (at the end of the 18 years)?
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Principles of managerial finance
Authors: Lawrence J Gitman, Chad J Zutter
12th edition
9780321524133, 132479540, 321524136, 978-0132479547
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