Question
On the first day of each month, starting January 1, 1995, Smith deposits 100 in an acount earning i(12)=0.09, with interest credited the last day
On the first day of each month, starting January 1, 1995, Smith deposits 100 in an acount earning i(12)=0.09, with interest credited the last day of each month. In addition,Smith deposits 1000 in the account every December 31. On what day does the account first exceed 100,000?
the answer show is need to be April 30,2013
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Creative Accounting, Fraud And International Accounting Scandals
Authors: Michael J. Jones
1st Edition
0470057653, 9780470057650
