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.
| Weekly | Yearly |
| Weekly | Semi Annually |
| Weekly | Monthly |
| Weekly | Weekly |
| Weekly | Daily |
| Weekly | Continuously |
| Daily | Yearly |
| Daily | Semi Annually |
| Daily | Monthly |
| Daily | Weekly |
| Daily | Daily |
| Daily | Continuously |
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Routledge Handbook Of Financial Technology And Law
Authors: Iris Chiu, Gudula Deipenbrock
1st Edition
0367344149, 978-0367344146
