Question
In 19 months, Alex will need $18,500 to pay his college tuition. How much does he need to invest today into an account earning an
In 19 months, Alex will need $18,500 to pay his college tuition. How much does he need to invest today into an account earning an interest rate of 6.85 % compounded monthly, so that he has enough money to pay his tuition? If have saves 5000 every quarter, how much time he will need to have $ 20000 in his account?
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Bond Markets Analysis and Strategies
Authors: Frank J.Fabozzi
9th edition
133796779, 978-0133796773
