Question
Kimberly has already saved $18,759 in her TFSA today. Suppose she plans to continue adding $287 at the end of every month for the next
Kimberly has already saved $18,759 in her TFSA today. Suppose she plans to continue adding $287 at the end of every month for the next 6 years. In order to achieve her goal of having $57,000 at the end of the 6 years, what quarterly nominal rate of return must her investment earn?
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An Introduction To Socio-Finance
Authors: Jørgen Vitting Andersen, Andrzej Nowak
2013th Edition
3642419437, 978-3642419430
