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You want to save some money in a bank with the expectation of receiving $50,000 in 5 years. One bank has proposed a monthly compounding
You want to save some money in a bank with the expectation of receiving $50,000 in 5 years. One bank has proposed a monthly compounding rate of 9.5%. How much money do you need to deposit in the bank today?
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Practical financial management
Authors: William r. Lasher
5th Edition
0324422636, 978-0324422634
