Question
It is now January 1. You plan to make a total of 9 deposits of $9,000 each, one every 3 months with the first payment
It is now January 1. You plan to make a total of 9 deposits of $9,000 each, one every 3 months with the first payment being made today. The bank pays a nominal interest rate of 11% but uses quarterly compounding. How much your account with the bank be if you leave the money in the bank to be withdrawn all in 19 years from today?
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Personal Finance In Your 20s And 30s For Dummies
Authors: Eric Tyson
2nd Edition
9781119431411, 978-1119431411
