Question
You would like to have $ 72,000 available in 15 years. There are two options. Account A has a rate of 8.5 % compounded once
You would like to have $72,000 available in 15 years. There are two options. Account A has a rate of 8.5 % compounded once a year. Account B has a rate of 8%
compounded daily. How much would you have to deposit in each account to reach your goal? Assume 360 days in a year.
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Discrete Mathematics and Its Applications
Authors: Kenneth H. Rosen
7th edition
0073383090, 978-0073383095
