Question
Gerry deposits $2000 at the end of every 3-month period in a fund earning interest at j2=8%j2=8%. If the fund pays simple interest for the
Gerry deposits $2000 at the end of every 3-month period in a fund earning interest at j2=8%j2=8%. If the fund pays simple interest for the fractional part of any interest period, what is the accumulated value of Gerry's deposits at the end of 5 years?
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Finance
Authors: Angelico Groppelli, Ehsan Nikbakht
2nd Edition
0812043731, 978-0812043730
