To find the amount at the end of ten years of monthly contributions earning 12% interest compounded monthly, you need to use the financial calculator with N = I/Y = and 10; 1 120; 12 120; 1 10; 12

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
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To find the amount at the end of ten years of monthly
contributions earning 12% interest compounded monthly,
you need to use the financial calculator with N =
I/Y =
and
10; 1
120; 12
120; 1
10; 12
Transcribed Image Text:To find the amount at the end of ten years of monthly contributions earning 12% interest compounded monthly, you need to use the financial calculator with N = I/Y = and 10; 1 120; 12 120; 1 10; 12
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