Suppose you have decided to put $200 at the beginning of every month in a savings account that credits interest at the annual rate of 6%, but compounds it monthly. Find the amount in this account after 30 years.
Suppose you have decided to put $200 at the beginning of every month in a savings account that credits interest at the annual rate of 6%, but compounds it monthly. Find the amount in this account after 30 years.
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 25P
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Suppose you have decided to put $200 at the beginning of every month in a savings
account that credits interest at the annual rate of 6%, but compounds it monthly. Find the
amount in this account after 30 years.
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