Question
In order to accumulate $1,000,000 over 20 years, how much would you have to invest at the beginning of every three months into a fund
In order to accumulate $1,000,000 over 20 years, how much would you have to invest at the beginning of every three months into a fund earning 7.2% compounded quarterly?
a
$5,369.45
b
$5,169.57
c
$5,0128.36
d
$5,262.62
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Analysis For Financial Management
Authors: Robert Higgins, Jennifer Koski, Todd Mitton
13th Edition
1260772365, 978-1260772364
