How many cash flows there will be

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If you deposit 100$ at the end of every month(in one month from today) in a bank that offers 2% compounded monthly and you will continue doing so 20 years:

I) a) How many cash flows there will be

b) How much you will have at the end

II) If you will decide to deposit money at the beginning of each month , use the same rate

a) What is the difference between this case and previous one

c) Which option is better?

Reference no: EM132500900

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