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You are considering an investment in a Third World bank account that pays a nominal annual rate of 18%, compounded monthly. If you invest $15,000
You are considering an investment in a Third
World bank account that pays a nominal annual
rate of 18%, compounded monthly. If you invest
$15,000 at the beginning of each month, how many
months would it take for your account to grow to
$170,000? Round fractional months up.
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Financial Accounting Essentials You Always Wanted To Know Self Learning Management Series
Authors: Vibrant Publishers , Kalpesh Ashar
5th Edition
1636510973, 978-1636510972
