Question
What is the amount of the payments that Steve must make at the end of each of 12 years to accumulate a fund of
What is the amount of the payments that Steve must make at the end of each of 12 years to accumulate a fund of $203,200 by the end of the twelfth year, if the fund earns 8% interest, compounded annually? (Round factor values to 5 decimal places, eg. 1.25124 and final answer to O decimal places, e.g. 458,581.) Payment at the end of each year
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Managerial accounting
Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin
1st edition
471467855, 978-0471467854
