Question
Janice wants to buy an investment product which pays $1,000 at the beginning of each month for 5 years. If a similar investment product with
Janice wants to buy an investment product which pays $1,000 at the beginning of each month for 5 years. If a similar investment product with the same degree of risk has 12 % rate of return per year, how much should janice pay for this product?
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Personal Finance
Authors: Jack Kapoor, Les R. Dlabay, Robert J. Hughes
2nd Edition
0256079056, 9780256079050
