Question
If $3500is deposited at the end of each quarter in an account that earns6% compounded quarterly, after how many quarters will the account contain $90,000?
If $3500is deposited at the end of each quarter in an account that earns6% compounded quarterly, after how many quarters will the account contain $90,000? (Round your answer UP to the nearest quarter.
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Introduction To Finance Markets, Investments, And Financial Management
Authors: Ronald W. Melicher, Edgar A. Norton
17th Edition
1119561175, 978-1119561170
