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You want to save 350 a month for the next 20 years and hope to earn an average rate of

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You want to save 350 a month for the next 20 years and hope to earn an average rate of return of 11 percent. How much more will you have at the end of the 20 years if you invest your money at the beginning of each month rather than the end of each month?

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Answer You will have 2 777 36 more Explanation Money is saved at the end of the month i 11 12 n 20 View the full answer


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Related Book For  answer-question
Foundations of Macroeconomics

Foundations of Macroeconomics

ISBN: 978-0132831000

6th edition

Authors: Robin Bade, Michael Parkin

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Posted Date: January 04, 2021 18:45:26
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