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Mandy has just joined an 8-year investment plan that requires her to deposit $1,000 at the end of each month. If the average monthly
Mandy has just joined an 8-year investment plan that requires her to deposit $1,000 at the end of each month. If the average monthly investment return is 1.5%, how much will Mandy find in the account after 10 years? Assume that the first deposit occurs in one month.
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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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