Question
You plan to buy a house in 6 years. You want to save money for a down payment on the new house. You are able
You plan to buy a house in 6 years. You want to save money for a down payment on the new house. You are able to place $256 every month at the end of the months into a saving account at an annual rate 6.67 compounded monthly. How much money will be in the account after you made the last payment?
Round the answer to two decimal places.
All work must be shown.
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Personal Finance
Authors: Jeff Madura, Hardeep Singh Gill
3rd Canadian Edition
978-0133035575, 133035573, 978-0133970524, 133970523, 978-0134040042
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