Question
You agree to make 24 deposits of $500 at the beginning of each month into a bank account. At the end of the 24 th
| You agree to make 24 deposits of $500 at the beginning of each month into a bank account. At the end of the 24 th month, you will have $13,000 in your account. If the bank compounds interest monthly, what nominal annual interest rate will you be earning? (Show work using Excel) | |||||||||||||
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The Routledge Handbook Of Financial Literacy
Authors: Gianni Nicolini, Brenda J. Cude
1st Edition
0367457776, 978-0367457778
