Question
How much should you deposit now in an account paying 6%, compounded monthly in order to receive $1000 a. at the end of each month
compounded monthly in order to receive $1000
a. at the end of each month for the next 10 years?
b. at the beginning of each month for the next 12 years?
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Fundamentals of Corporate Finance
Authors: Richard Brealey, Stewart Myers, Alan Marcus, Devashis Mitra, Elizabeth Maynes, William Lim
6th Canadian edition
1259024962, 978-1259024962
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