Question
Qasim is making quarterly contributions of $370 to his savings account which pays interest at the APR of 8.4%, compounded quarterly. Right after Qasim makes
Qasim is making quarterly contributions of $370 to his savings account which pays interest at the APR of 8.4%, compounded quarterly. Right after Qasim makes his 31st contribution, the bank changes the APR to 8.5% and Qasim makes 51 more $370 contributions.
What is Qasim's balance right after his last contribution?
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Financial Modeling Using Excel And VBA
Authors: Chandan Sengupta
1st Edition
0471267686, 978-0471267683
