Joseph just celebrated his 20th birthday. HE intends to save $6 million by his 50th birthday to
Fantastic news! We've Found the answer you've been seeking!
Question:
Joseph just celebrated his 20th birthday. HE intends to save $6 million by his 50th birthday to fund his early retirement at that time, by making equal quarterly deposits of $X in arrears, were th first deposit will start in 3 months time. If his savings account offers an interest rate of 12%. per annum compounded quarterly, calculations the value X.
Posted Date: