Question
if someone deposits $500 every quarter into an account for you, for 8 years, and receive a 6.45% interest compounded quarterly, how much money will
if someone deposits $500 every quarter into an account for you, for 8 years, and receive a 6.45% interest compounded quarterly, how much money will you have at the end of the 8 years.
I feel the formula i'm using may be incorrect. Help is greatly appreciated, thanks!
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An Introduction to the Mathematics of Financial Derivatives
Authors: Ali Hirsa, Salih N. Neftci
3rd edition
012384682X, 978-0123846822
