Question
Lauren's retirement fund has an accumulated amount of $50,000. If it has been earning interest at 3.67% compounded monthly for the past 24 years,
Lauren's retirement fund has an accumulated amount of $50,000. If it has been earning interest at 3.67% compounded monthly for the past 24 years, calculate the size of the equal payments that he deposited at the beginning of every 3 months. Round to the nearest cent
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Fundamentals of Corporate Finance
Authors: Stephen A. Ross, Randolph W. Westerfield, Bradford D.Jordan
8th Edition
978-0073530628, 978-0077861629
