Melissa plans to buy a $35,000 car when she graduates from college 4 years from...
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Melissa plans to buy a $35,000 car when she graduates from college 4 years from now. To help her save for this car, she took $5,000 from her savings account and invested it today in a fund that pays 9% interest per year compounded monthly. To be able to withdraw $35,000 at the end of the investment period, she determined that she needs an arithmetic gradient series investment scenario that starts in month 1 with $500 and a constant gradient G of SK in the same fund she has her $5000. Melissa plans to buy a $35,000 car when she graduates from college 4 years from now. To help her save for this car, she took $5,000 from her savings account and invested it today in a fund that pays 9% interest per year compounded monthly. To be able to withdraw $35,000 at the end of the investment period, she determined that she needs an arithmetic gradient series investment scenario that starts in month 1 with $500 and a constant gradient G of SK in the same fund she has her $5000
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Melissa plans to buy a $35,000 car when she graduates from college 4 years from now. To help her save for this car, she took $5,000 from her savings account and invested it today in a fund that pays 9% interest per year compounded monthly. To be able to withdraw $35,000 at the end of the investment period, she determined that she needs an arithmetic gradient series investment scenario that starts in month 1 with $500 and a constant gradient G of SK in the same fund she has her $5000. Melissa plans to buy a $35,000 car when she graduates from college 4 years from now. To help her save for this car, she took $5,000 from her savings account and invested it today in a fund that pays 9% interest per year compounded monthly. To be able to withdraw $35,000 at the end of the investment period, she determined that she needs an arithmetic gradient series investment scenario that starts in month 1 with $500 and a constant gradient G of SK in the same fund she has her $5000
