Question
Suppose that you deposited $800 into a savings account on January 1, 2015, and then deposit an additional $90 into the account at the end
Suppose that you deposited $800 into a savings account on January 1, 2015, and then deposit an additional $90 into the account at the end of each quarter-year. If the bank pays 7.6% interest compounded quarterly, how much will be in the account on January 1, 2024?
Answer: $
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International Financial Markets And The Firm
Authors: Piet Sercu, Raman Uppal
1st Edition
1861523548, 978-1861523549
