Question
Suppose you make equal quarterly deposits of $1,000 into a fund that pays interest at a rate of 12% compounded monthly. Find the balance at
Suppose you make equal quarterly deposits of $1,000 into a fund that pays interest at a rate of 12% compounded monthly. Find the balance at the end of year 3.
(can you please sove it with excal and show the formales )
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Managerial Economics and Business Strategy
Authors: Michael R. baye
7th Edition
978-0073375960, 71267441, 73375969, 978-0071267441
