Question
You want to buy a new ski boat 2 years from now, and you plan to save $5,400 per year, beginning one year from today.
You want to buy a new ski boat 2 years from now, and you plan to save $5,400 per year, beginning one year from today. You will deposit your savings in an account that pays 6.2% interest. How much will you have just after you make the 2nd deposit, 2 years from now?
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The Money Markets Handbook A Practitioners Guide
Authors: Moorad Choudhry
1st Edition
0470821507, 978-0470821503
