Question
Company A deposit $10,000 now in the bank. Company A will keep deposits $1500 at the end of each payment period. The interest rate and
Company A deposit $10,000 now in the bank. Company A will keep deposits $1500 at the end of each payment period. The interest rate and the payment period information are given in the following table.
12% interest rate
How much will the company have after 5 years in the bank account?
Assume each year contains 52 weeks/365 days, each quarter contains 13 weeks/90 days, each month contains 4 weeks/30 days.
| Quarterly | Yearly |
| Quarterly | Simi Annually |
| Quarterly | Quarterly |
| Quarterly | Monthly |
| Quarterly | Weekly |
| Quarterly | Daily |
| Quarterly | Continuously |
| Monthly | Yearly |
| Monthly | Simi Annually |
| Monthly | Monthly |
| Monthly | Weekly |
| Monthly | Daily |
| Monthly | Continuously |
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