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You are trying to save money for something important. you make monthly deposits of $10,000 in the bank with the first deposit being made one
You are trying to save money for something important. you make monthly deposits of $10,000 in the bank with the first deposit being made one month from today and the last deposit being made four years from today. the bank pays you an annual percentage of 6.25% but compounds interests on a monthly basis. in 4 years, how much will you have saved?
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Principles Of Sustainable Finance
Authors: Dirk Schoenmaker, Willem Schramade
1st Edition
0198826605, 978-0198826606
