Question
Suppose you deposit $1,000 in three payments of $333.333 each on January 1 of 2010, 2011, and 2012. How much will you have in your
Suppose you deposit $1,000 in three payments of $333.333 each on January 1 of 2010, 2011,
and 2012. How much will you have in your account on January 1, 2012, based on 8% annual
compounding?
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Financial Markets and Institutions
Authors: Jeff Madura
12th edition
9781337515535, 1337099740, 1337515531, 978-1337099745
