Question
You are in the process of paying your mortgage and you deposit 1279.06$ today, pay 570$ monthly for 11 months, 616.56 for 5 months monthly.
You are in the process of paying your mortgage and you deposit 1279.06$ today, pay 570$ monthly for 11 months, 616.56 for 5 months monthly. How much interest will you earn in 16 months at 10% compounded monthly?
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Money Banking and Financial Markets
Authors: Laurence M. Ball
2nd edition
1429244097, 978-1429244091
