Suppose that Dave plans to save $360 per month for the next 30 years to save for retirement. His expected return is 9%. How much more money will he have at the end of 30 years if he deposits the money at the beginning of the month versus the end of the month?

 

Answer rating: 100% (QA)

If Dave deposits the money at the beginning of the month he will have been able to invest it for th... View the full answer