What deposit made at the beginning of each month will accumulate to $120,000 at 30% compounded monthly at the end of 10 years Deposited amount = (2 decimal places only, rounded off, if whole number, no need to add 00)

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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What deposit made at the beginning of each month will accumulate to $120,000 at 30% compounded monthly at the end of 10 years?
Deposited amount =
(2 decimal places only, rounded off. if whole number, no need to add.00)
Transcribed Image Text:What deposit made at the beginning of each month will accumulate to $120,000 at 30% compounded monthly at the end of 10 years? Deposited amount = (2 decimal places only, rounded off. if whole number, no need to add.00)
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