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The letter E
Feb 2036
There are about 4 weeks in a month, but more accurately 4 and 1/6 weeks. The first six months have 1 day less than 26 weeks,while the second six months have 2 days more than 26 weeks. At the end of January, there are about 48 weeks left. At the end of February, there are about 44 weeks left. At the end of March, there are about 39 weeks left. At the end of April, there are exactly 35 weeks left. At the end of May, there are about 30 weeks left. At the end of June, there are about 26 weeks left. At the end of July, there are about 22 weeks left. At the end of August, there are about 17 weeks left. At the end of September, there are about 13 weeks left. At the end of October, there are about 9 weeks left. At the end of November, there are about 4 weeks left.
Financial Management exercise questions.
It means that at the end of every month, (7/12) of 1 percent of the lowest value of your account during the previous month is added to it.