Question
On the birth of a child, the father wants to deposit a sum in a savings account. He intends to provide his daughter $20,000 every
On the birth of a child, the father wants to deposit a sum in a savings account. He intends to provide his daughter $20,000 every month for four years, starting on her 18th birthday. If the savings bank pays 10% compounded monthly, how much should the father deposit?
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Affordable Housing Finance
Authors: K. Hawtrey
2009th Edition
0230555187, 978-0230555181
