Justin invested $100 at the beginning of each month for the last 10 years and earned 6 percent interest, compounded monthly. Katia invested $235 at the end of each month for the past 5 years and earned 6 percent interest, compounded monthly. Today, Justin has than Katia. $1,164.15 more $ 8.164.15 less $73.92 more $2,320.26 less ‒‒‒‒‒

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
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Justin invested $100 at the beginning of each month for the last 10 years and earned 6 percent
interest, compounded monthly. Katia invested $235 at the end of each month for the past 5 years
and earned 6 percent interest, compounded monthly. Today, Justin has than Katia.
$1,164.15 more
$ 8,164.15 less
$73.92 more
$2,320.26 less
Transcribed Image Text:Justin invested $100 at the beginning of each month for the last 10 years and earned 6 percent interest, compounded monthly. Katia invested $235 at the end of each month for the past 5 years and earned 6 percent interest, compounded monthly. Today, Justin has than Katia. $1,164.15 more $ 8,164.15 less $73.92 more $2,320.26 less
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