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Suppose you deposit $300 at the beginning of each month in a savings account that pays interest at the rate of 6% per year, with
Suppose you deposit $300 at the beginning of each month in a savings account that pays interest at the rate of 6% per year, with monthly compounding. How long will it take you to accumulate $25,000 in this account?
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
15th edition
1337671002, 978-1337395250
