Question
You want to save up $11,000 to purchase a used car in 5 years. Your account earns an annual rate of 6.6% compounded monthly. How
You want to save up $11,000 to purchase a used car in 5 years. Your account earns an annual rate of 6.6% compounded monthly. How much do you need to deposit each month to meet your goal?
Round your answer to two decimal places. Do not include the $ sign in your answer.
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International Finance The Markets And Financial Management Of Multinational Business
Authors: Maurice D. Levi
3rd Edition
0070376875, 978-0070376878
