Question
suppose your bank pays interest monthly with the interest rate quoted as an effective annual rate (EAR) of 6%. What amount of interest will you
suppose your bank pays interest monthly with the interest rate quoted as an effective annual rate (EAR) of 6%. What amount of interest will you earn each month? if you have no money in the bank today? how much will you need to save at the end of each month to accumulate $100,000 in 10 years?
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The Handbook Of Municipal Bonds
Authors: Frank J. Fabozzi, Sylvan G. Feldstein
1st Edition
0470108754, 9780470108758
