Question
A man makes $10 deposits every half a year into a savings account earning 8% interest compounded quarterly. He continues these deposits for 12 years.
A man makes $10 deposits every half a year into a savings account earning 8% interest compounded quarterly. He continues these deposits for 12 years. How much will the account be worth after 12 years?
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
18th Edition
126409762X, 9781264097623
