Question
You have decided to place $492 in equal deposits every month at the beginning of the month into a savings account earning 8.12 percent per
You have decided to place $492 in equal deposits every month at the beginning of the month into a savings account earning 8.12 percent per year, compounded monthly for the next 15 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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Principles Of Corporate Finance
Authors: Lawrence J. Gitman, Sean M. Hennessey
2nd Canadian Edition
0321452933, 978-0321452931
