Question
Suppose you have $11,289 in your investment account. You have decided to save an additional $600 a month for the next 5 years and buy
Suppose you have $11,289 in your investment account. You have decided to save an additional $600 a month for the next 5 years and buy a car. How much will you be able to spend on the car if you can earn an annual return of 8.8 percent, compounded monthly?
| $48,220 | ||
| $56,911 | ||
| $71,333 | ||
| $62,518 |
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Managing The Audit Function A Corporate Audit Department Procedures Guide
Authors: Michael P. Cangemi
2nd Edition
0471012556, 978-0471012559
