Crystal's investment manager offers him an interest rate of 7.0% compounded on his investments. If the manager changes his mind and offers him a rate of 7.0% compounded annually how much more would he have to deposit at the end of each year in order to accumulate $419,000 in 30 years? Round to the nearest cent

Crystal's investment manager offers him an interest rate of 7.0% compounded on his investments. If the manager changes his mind and offers him a rate of 7.0% compounded annually how much more would he have to deposit at the end of each year in order to accumulate $419,000 in 30 years? Round to the nearest cent

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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