Question
Summer is making quarterly contributions of of $330 to her savings account which pays interest at the APR of 5.1%, compounded quarterly. Right after Summer
Summer is making quarterly contributions of of $330 to her savings account which pays interest at the APR of 5.1%, compounded quarterly. Right after Summer makes her 60th contribution, the bank changes the APR to 8.6% and Summer makes 42 more $330 contributions. What is Summer's balance right after her last contribution?
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The Wealthtech Book The FinTech Handbook For Investors Entrepreneurs And Finance Visionaries
Authors: Susanne Chishti, Thomas Puschmann
1st Edition
1119362156, 978-1119362159
