Question
You have decided to place $846 in equal deposits every month at the beginning of the month into a savings account earning 11.50 percent per
You have decided to place $846 in equal deposits every month at the beginning of the month into a savings account earning 11.50 percent per year, compounded monthly for the next 10 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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Investments An Introduction
Authors: Herbert B Mayo
10th Edition
0538452099, 9780538452090
