Question
Suppose $1000 is deposited into a savings account paying 6% APR. Assuming the interest is compounded monthly, how much money will be in the account
Suppose $1000 is deposited into a savings account paying 6% APR. Assuming the interest is compounded monthly, how much money will be in the account after six years if $200 is withdrawn at the end of the second year?
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Introduces Quantitative Finance
Authors: Paul Wilmott
2nd edition
470319585, 470319581, 978-0470319581
