Question
Micheal is saving his money to attend university. for the past 3 years, he has been depositing $75 twice a month (semi-monthly) into a savings
Micheal is saving his money to attend university. for the past 3 years, he has been depositing $75 twice a month (semi-monthly) into a savings account that earned 2.25% compounded quarterly. How much is available in the account after 3 years of deposits? If tuition is $10,500 how much more does he need?
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
13th edition
978-1285027371, 128502737X, 978-1133541141
