Question
Spencer deposited $200 at the end of each month into a savings account for 10 years. The account earned 5.80% compounded monthly (j 12 )
Spencer deposited $200 at the end of each month into a savings account for 10 years. The account earned 5.80% compounded monthly (j12) for the first 6 years and 6% compounded monthly (j12) for the remaining 4 years.
Calculate the total value of the account after 10 years.
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Public Finance
Authors: Harvey S Rosen
7th Edition
0072876484, 978-0072876482
