Question
Paula wants to save $40,000 for a down payment on a new car in 3 years. She can invest $1,000 at the beginning of each
Paula wants to save $40,000 for a down payment on a new car in 3 years. She can invest $1,000 at the beginning of each month, and she expects to earn 10% compounded monthly on her investments. How much will Paula have saved in 3 years?
a. $42,130.00
b. $41,781.57
c. $40,278.48
d. $43,182.37
which one is correct?
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Technical Analysis Of Stock Trends
Authors: Robert D. Edwards, John Magee, W.H.C. Bassetti
8th Edition
0814406807, 978-0814406809
