Solution-How much less would you have to receive at the end

How much less would you have to receive at the end

Reference no: EM133041729

Question - Assume an interest rate of 6.20% compounded monthly.

How much money do you need to invest to receive $1,250 at the end of each month for 12 months?

If you would like your payments to last you 17 months, how much less would you have to receive at the end of each month if you invested the same amount as above?

Reference no: EM133041729

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How much less would you have to receive at the end : If you would like your payments to last you 17 months, how much less would you have to receive at the end of each month if you invested the same amount as above

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How much less would you have to receive at the end

Reference no: EM133041729

Reference no: EM133041729

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