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A student wants to regularly pay at the beginning of each month 100 EUR to a savings account for the next 8 years to be
Posted: Sat Feb 19, 2022 2:32 pm
by answerhappygod
- A Student Wants To Regularly Pay At The Beginning Of Each Month 100 Eur To A Savings Account For The Next 8 Years To Be 1 (78.01 KiB) Viewed 48 times
A student wants to regularly pay at the beginning of each month 100 EUR to a savings account for the next 8 years to be able to make a deposit for an own household after the studies. Interest rate is calculated on a monthly compounding basis with a nominal annual interest rate of 4.5%. What is the account balance after the studies? Select one: A. 11,428 EUR B. 11,573 EUR C. 12,167 EUR D. 10,960 EUR