Question
You're prepared to make monthly payments of $390, beginning at the end of this month, into an account that pays 12 percent interest compounded monthly.
You're prepared to make monthly payments of $390, beginning at the end of this month, into an account that pays 12 percent interest compounded monthly.
How many payments will you have made when your account balance reaches $29,767?
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Introduces Quantitative Finance
Authors: Paul Wilmott
2nd edition
470319585, 470319581, 978-0470319581
