Question
Nemo deposits $7500 now, $5000 three years from now, and $1500 six years from now into a fund paying 8% compounded quarterly: What equal deposit
Nemo deposits $7500 now, $5000 three years from now, and $1500 six years from now
into a fund paying 8% compounded quarterly: What equal deposit of size A, made every 3
months (with the first deposit at t=0 and last deposit at the end of the 7th year) are equal to the 3 deposits?
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Fundamentals of Investing
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
12th edition
978-0133075403, 133075354, 9780133423938, 133075400, 013342393X, 978-0133075359
