Question
What monthly deposit must be made in order to accumulate 91,417 dollars in 11 years if a fund pays 4% per year, compounded monthly? Assume
What monthly deposit must be made in order to accumulate 91,417 dollars in 11 years if a fund pays 4% per year, compounded monthly? Assume that deposits are made at the end of each month. (note: round your answer to the nearest cent and do not include spaces, currency signs, or commas)
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
13th Edition
9780470374948, 470423684, 470374942, 978-0470423684
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