Saving for a car or home in installments: Suppose you have $10,000 to put in a savings account now and in…
Saving for a car or home in installments: Suppose you have $10,000 to put in a savings account now and in addition you hope to put in more money each month for the next 5 years. Investigate bank interest rates to find the best possible savings interest rate near you compounded at a monthly rate. Look up information on annuity and sinking funds. Figure out how much you […]