Question
You have the opportunity to purchase an investment that pays $510 a month for 24 years. The account has an interest rate of 6.8% compounded
You have the opportunity to purchase an investment that pays $510 a month for 24 years. The account has an interest rate of 6.8% compounded monthly. How much is the investment worth today if the payment and interest are applied at the beginning of each month?
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Gordon Roberts, Hamdi Driss
8th Canadian Edition
01259270114, 9781259270116
