Question
You intend to make annual deposits of $8,400 into an account earning an effective annual rate of return of 10 percent, with your first deposit
You intend to make annual deposits of $8,400 into an account earning an effective annual rate of return of 10 percent, with your first deposit to be made today. Given this information, determine how long it will take your balance to grow to $100,000?
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Fundamentals of Multinational Finance
Authors: Michael H. Moffett, Arthur I. Stonehill, David K. Eiteman
5th edition
205989756, 978-0205989751
