Dakota intends to save for major travel holidays by contributing $300 at the end of each month
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Dakota intends to save for major travel holidays by contributing $300 at the end of each month to an investment plan. At the end of every three years, she will withdraw $10,000 for a major trip abroad. If the plan earns 3% compounded monthly, what will be the plan's balance after seven years?
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Given PMT 300month j 3 compounded monthly withdraw 10000 every 3 years Amount ...View the full answer
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Related Book For
Fundamentals Of Business Mathematics In Canada
ISBN: 9781259370151
3rd Edition
Authors: F. Ernest Jerome, Jackie Shemko
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