ou want to have 25000.00 in your account in ten years to go on a dream trip to austrailia. what sum of money must you deposit at the end of every 3 months if your account earns interest at 6% compounded monthl

ou want to have 25000.00 in your account in ten years to go on a dream trip to austrailia. what sum of money must you deposit at the end of every 3 months if your account earns interest at 6% compounded monthl

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 6MC: You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years....

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you want to have 25000.00 in your account in ten years to go on a dream trip to austrailia. what sum of money must you deposit at the end of every 3 months if your account earns interest at 6% compounded monthly?

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