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You intend saving $220 per month for a year in order to afford a new phone when it is released in a year's time. You
You intend saving $220 per month for a year in order to afford a new phone when it is released in a year's time. You will deposit $220 at the end of each month into a savings account that pays interest at 6%p.a. compounding monthly.
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Using the formula for the future value of an ordinary annuity FV PMT x 1 rnnt ...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
