Leslie Yu Wants to Deposit an Equal Amount Each Month

question 19

Short Answer

Leslie Yu wants to deposit an equal amount each month into an account that will pay 6% compounded monthly. If Leslie wants to end up with a future value of $10,000 after 22 months, how much should she deposit each month? Use Tables 23-1A and 23-1B or a calculator.​

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Definitions:

Self-Directed

Taking initiative and responsibility for one’s own learning or actions without immediate supervision or direction.

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