Question
You want to save $10,000 in five years by making equal monthly deposits into an account that pays an interest rate of 4% per annum.
You want to save $10,000 in five years by making equal monthly deposits into an account that pays an interest rate of 4% per annum. How much should you deposit each month to achieve your goal?
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Engineering economy
Authors: Leland Blank, Anthony Tarquin
7th Edition
9781259027406, 0073376302, 1259027406, 978-0073376301
