Question
You initially deposit $5,000 and contribute $50 per month for the next 20 years. If the rate of interest is 6% compounded monthly, calculate the
You initially deposit $5,000 and contribute $50 per month for the next 20 years. If the rate of interest is 6% compounded monthly, calculate the future value. A) $41,653 B) $39,653 C) $37,653 D) $35,653 E) $33,653
The answer is B but i dont know how to get this answer. Please show your work. Thanks
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Technical Analysis Of Stock Trends
Authors: Robert D. Edwards, John Magee, W.H.C. Bassetti
10th Edition
1439898189, 978-1439898185
