Mathematics, 09.10.2020 03:01 growingideas
A distribution point plans to sace $2000 a month for the next 3 years for future emergencies. The interest rate is 4.5 percent compounded monthly. The first deposit will be made today. What would today's deposit ammount have to be if the firm opted for one lump sum deposit that would yield the same ammount of savings as the monthly deposits after 3 years
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A distribution point plans to sace $2000 a month for the next 3 years for future emergencies. The in...
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