Question
Your uncle deposits $399 per month for 8 months in an account paying interest of 2.16% per year compounded monthly. The payments begin one month
Your uncle deposits $399 per month for 8 months in an account paying interest of 2.16% per year compounded monthly. The payments begin one month from today. At the end of 28 months the balance in your account is?
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Intermediate Financial Management
Authors: Eugene F Brigham, Phillip R Daves
14th Edition
0357516664, 978-0357516669
