Janine is 21 years old. She opens an account that pays 1.25% interest, compounded monthly. She sets
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Janine is 21 years old. She opens an account that pays 1.25% interest, compounded monthly. She sets a goal of saving $10,000 by the time she is 24 years old. How much must she deposit each month?
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We will use the formula to find the present valuedeposit FVPVI Where FV10000 is the future va...View the full answer
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Related Book For
Financial Algebra Advanced Algebra With Financial Applications
ISBN: 9781337271790
2nd Edition
Authors: Robert Gerver, Richard J. Sgroi
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