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)

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
ChapterA3: Time Value Of Money
Section: Chapter Questions
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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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