EAR Assignment | Professional Writing
May 20th, 2020
Howard is saving for a long holiday. He deposits a fixed amount every month in a bank account with an EAR of 7.1%. If this account pays interest every month then how much should he save from each monthly paycheck in order to have $ 14 comma 000 in the account in six years’ time?
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EAR Assignment | Professional Writing
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A. $ 126
B. $ 252
C. $ 158
D. $ 221
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