Question
Jorge Otero has set up an annuity due with the United Credit Union. At the beginning of each month $200 is electronically debited from his
Jorge Otero has set up an annuity due with the United Credit Union. At the beginning of each month $200 is electronically debited from his checking account and placed into a savings account earning 18% interest compounded monthly. What is the value of Jorge's account after 30 months? Round your answer to the nearest cent.
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Introduction To Mathematical Finance Discrete Time Models
Authors: Stanley R. Pliska
1st Edition
1557869456, 9781557869456
