How much should you deposit now in an account paying 6%, compounded monthly in order to receive

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How much should you deposit now in an account paying 6%,
compounded monthly in order to receive $1000
a. at the end of each month for the next 10 years?
b. at the beginning of each month for the next 12 years?

Related Book For answer-question

Fundamentals of Corporate Finance

ISBN: 978-1259024962

6th Canadian edition

Authors: Richard Brealey, Stewart Myers, Alan Marcus, Devashis Mitra, Elizabeth Maynes, William Lim

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Posted Date: Mar 08, 2024 01:19 AM

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How much should you deposit now in an account paying 6%, compounded monthly in order to receive

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Fundamentals of Corporate Finance

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