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MBA (IT), PHD
Kaplan University
Apr-2009 - Mar-2014
Professor
University of Santo Tomas
Aug-2006 - Present
Homework #3B (FV and PV of annuity non-annually)
Finance
Question 3Â (1 point)
ÂYou plan to buy a house in 14 years. You want to save money for a down payment on the new house. You are able to place $393 every month at the end of the month into a savings account at an annual rate of 4.94 percent, compounded monthly. How much money will be in the account after you made the last payment?Â
Round the answer to two decimal places.
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