Question
You need to fund a tuition payment of $49,806 in 21 months. You plan to make 10 equal monthly payments starting next month to your
You need to fund a tuition payment of $49,806 in 21 months. You plan to make 10 equal
monthly payments starting next month to your savings account to go toward your tuition. If
your savings account pays 3.90% APR compounded monthly, how big must the payments be?
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Essential Mathematics For Economic Analysis
Authors: Knut Sydsaeter, Peter Hammond, Arne Strom
4th Edition
0273760688, 9780273760689
