Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Transcribed Image Text:You need to have $50,000 in a bank account 28 years from today. Assume APR is
12% and monthly compounding. How much money must be in the account 6 years
from now assuming no other deposits or withdrawals?
$4,132.12
$2,093.46
$3,709.32
$3,615.16
$5,836.23
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