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- Suppose, you plan to deposit an amount of $500 starting one month from now and every quarter thereafter to receive $5000 after some time

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- Suppose, you plan to deposit an amount of $500 starting one month from now and every quarter thereafter to receive $5000 after some time with an interest rate of j4 =0.05. How much time it will take to receive the desired amount? 5. Suppose, you plan to deposit an amount of $500 starting now and every month thereafter to receive $5000 after some time with an interest rate of j4 -0.05. How much time it will take to receive the desired amount

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