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 savings account at an annual rate 6.67% compounded monthly. How much money will be in the account after you made the last payment?
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Financial Management Theory And Practice
Authors: Eugene Brigham, Michael Ehrhardt, Jerome Gessaroli, Richard Nason
3rd Canadian Edition
017658305X, 978-0176583057
