Miss A wants to have P35436 for 2.1 years starting today which is to be used for research. If she intends to make a monthly deposit at the beginning of each month in a time deposit paying15% compounded monthly, how much is her regular deposit? In 2 decimal values

Miss A wants to have P35436 for 2.1 years starting today which is to be used for research. If she intends to make a monthly deposit at the beginning of each month in a time deposit paying15% compounded monthly, how much is her regular deposit? In 2 decimal values

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 13PROB

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