Question
8.Six years ago Julio began depositing $1,300 at the beginning of every three months into an account. The interest rate was 3.96% compounded quarterly. Answer
8.Six years ago Julio began depositing $1,300 at the beginning of every three months into an account. The interest rate was 3.96% compounded quarterly. Answer the following questions, and round all answers to two decimal places where necessary. Choose B G N or E N D ? 1) What is the present account balance? P/Y = C/Y = N = I/Y = % PV = $ PMT = $ FV = $ 2) If he stops making deposits immediately, how much will be in the account in six and a half years from now, if the interest rate remains the same (3.96% compounded quarterly)? P/Y = C/Y = N = I/Y = % PV = $ PMT = $ FV = $
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