You plan to go to Ireland in 3 years. You anticipate that you will need...
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Accounting
You plan to go to Ireland in 3 years. You anticipate that you will need $12,000 for expenses (travel, lodging, food, etc.). An account at your local bank pays 4.46% per year compounded monthly. How much should you deposit each month in this account to achieve your goal?
Present Value with compound interest
Future V alue of an Annuity
Present V alue of an Annuity
Amortization
Sinking Fund
a. $278.41
b. $404.41 c. $391.94 d. $342.94 e. $312.15
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