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QUESTION
I have a question? I want buy a bike that cost $75. How much should I put in savings account earning 10% compounded monthly now to have enough money
I have a question? I want buy a bike that cost $75. How much should I put in savings account earning 10% compounded monthly now to have enough money to buy the bicycle in 6 month? I used FV formula and got $12.24. Is that right?
