Question
You are planning to make 18 monthly withdrawals beginning at the end of the sixth month. You plan to withdraw $145 in the sixth month
You are planning to make 18 monthly withdrawals beginning at the end of the sixth month. You plan to withdraw $145 in the sixth month and increase your withdrawals by $11 over the previous months withdrawal. How much should you deposit now in a bank account that pays 12% per year compounded monthly?
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Auditing IT Infrastructures For Compliance
Authors: Martin Weiss, Michael G. Solomon
2nd Edition
1284090701, 978-1284090703
