Question
You have decided to place $186 in equal deposits every month at the beginning of the month into a savings account earning 5.46 percent per
You have decided to place $186 in equal deposits every month at the beginning of the month into a savings account earning 5.46 percent per year, compounded monthly for the next 13 years. The first deposit is made today. How much money will be in the account at the end of that time period?
Round the answer to two decimal places.
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Financial Management Principles And Applications
Authors: J William Petty, Sheridan Titman, Arthur J Keown, John D Martin, Peter Martin, Michael Burrow, Hoa Nguyen
6th Edition
1442539178, 9781442539174
