In 6 years Harry and Sally would like to have $24000 for a down payment on a house. How much should they deposit each month into an account paying 14% compounded monthly?
In 6 years Harry and Sally would like to have $24000 for a down payment on a house. How much should they deposit each month into an account paying 14% compounded monthly?
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 25P
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In 6 years Harry and Sally would like to have $24000 for a down payment on a house. How much should they deposit each month into an account paying 14% compounded monthly?
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