Suppose that $6,000 is placed in a bank account at the end of each quarter over the next 8 years. What is the future worth
Suppose that $6,000 is placed in a bank account at the end of each quarter over the next 8 years. What is the future worth at the end of 8 years when the interest rate is 15% compounded at the given intervals? (a) Quarterly (b) Monthly (c) Continuously (a) The future worth will be $ 359684 . (Round to the nearest dollar.) (b) The future worth will be $ 19773 (Round to the nearest dollar.)
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