If you want to have 200,000 at the end of a 5 year period with 6% nominal
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Question:
If you want to have 200,000 at the end of a 5 year period with 6% nominal interest compounded monthly. Jane does the first contribution at the end of the month assuming its the start of January.
Jane contributes x at the end of every 2 months ( JAN MARCH MAY) and Tom contributes every 2 months starting in Feb ( FEB APRIL JUNE) and they both don't contribute at the end of every 2 months ( NOV AND DEC)
What is X?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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