Answered: The amount of $122,000 is invested…

The amount of $122,000 is invested todat at a rate of 8.77% per annum, with monthly compounding, what will the balabce of t he investment be in 11 years?

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 25P

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