Question
You wish to accumulate $100,000 through monthly payments of $700. If you can earn interest at an annual rate of 4% compounded monthly, how long
You wish to accumulate $100,000 through monthly payments of $700. If you can earn interest at an annual rate of 4% compounded monthly, how long (to the nearest year) will it take to accomplish your goal?
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Peggy L. Hedges, Philip Chang, Keith C. Brown, Hedges Reilly Brown
1st Canadian Edition
0176500693, 978-0176500696
