Question
You want to have $40,000 in your savings account 6 years from now, and you're prepared to make equal annual deposits into the account at
You want to have $40,000 in your savings account 6 years from now, and you're prepared to make equal annual deposits into the account at the end of each year. If the account pays 7.75 percent interest, what amount must you deposit each year?
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The Handbook Of Fixed Income Securities
Authors: Frank Fabozzi, Steven Mann
8th Edition
0071768467, 978-0071768467
