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You are saving up to buy a $ 1 0 0 , 0 0 0 car 1 0 years from now. You put your money
You are saving up to buy a $ car years from now. You put your
money in an account that pays annual interest rate, compounded monthly.
How much should your monthly deposit be for the next years, if the deposit
is made at the END of each month?
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Advanced Modelling In Mathematical Finance
Authors: Jan Kallsen, Antonis Papapantoleon
1st Edition
3319458736, 978-3319458731
