Posted by **susie** on Wednesday, March 17, 2010 at 6:58pm.

in this problem: if you wanted to put aside $2,000 a year for 10 years ginven a 10% rate of return (compounded monthly) Here, is it the 10 % every month, or the 10% is divided by 12 months of the year and then every month the % is 0.83%?

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