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Rochelle Kotter wants to attend a university five years from now. She will need $88,000. Assume Rochelles bank pays 6 percent interest compounded monthly. What
- Rochelle Kotter wants to attend a university five years from now. She will need $88,000. Assume Rochelles bank pays 6 percent interest compounded monthly. What must Rochelle deposit today to accumulate $88,000 in five years?
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International Financial Management
Authors: Jeff Madura
2nd Edition
0314430296, 978-0314430298
