Question
In order to have $225,490 in 26 years, how much needs to be deposited each month into a bank account whose annual rate is 1%
In order to have $225,490 in 26 years, how much needs to be deposited each month into a bank account whose annual rate is 1% with monthly compounding? Round your answer to the nearest dollar.
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Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
9th Edition
73530700, 978-0073530703
