Rounded to the next higher month, how long will it take end-of-month deposits of $500 to accumulate

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Rounded to the next higher month, how long will it take end-of-month deposits of $500 to accumulate $100,000 in an investment account that earns 5.25% compounded monthly?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Jan 20, 2016 07:50 AM

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Rounded to the next higher month, how long will it take end-of-month deposits of $500 to accumulate

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The deposits form an ordinary simple annuity having FV 100000 PMT 500 per ...View the full answer

Business Mathematics In Canada

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