Problem 1)\ Twelve deposits of

$1,000

are made at the end of every quarter at an compounded quarterly.\ a. What is the total accumulation a person would have after three yea\

P_(x)(1+i)^(n)\ =1000\\\\times (1+0.12)^(10)\ =1000\\\\times 3.105548\ =(3105.55)

\ b. What is the effective interest rate this case?\

1q=(1+(c)/(m))^(m)-1\ =(1+(1000)/(0.12))*1

Problem 1) Twelve deposits of $1,000 are made at the end of every quarter at an compounded quarterly. a. What is the total accumulation a person would have after three yea ===Px(1+i)n1000(1+0.12)1010003.105548(3105.55) b. What is the effective interest rate this case? 1g=(1+mc)m1=(1+0.121000)1