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Betty DeRose is going to deposit $8,000 into a bank account at the beginning of every three months for the next five years. Assume the
Betty DeRose is going to deposit $8,000 into a bank account at the beginning of every three months for the next five years. Assume the bank account will earn 20% interest compounded quarterly. Calculate the amount of interest Betty will earn over the five-year period. Use the time value of money table factors posted in carmen to answer this question. To access these factors, click modules and then scroll to week 13. Click on the link labeled present & future value table factors. No credit will be awarded for this question using a means other than these table factors to answer this question.
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