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to establish a rainy day cash reserve account a certain company deposits 14,000 of its profit at the end of each quarter into a money
to establish a rainy day cash reserve account a certain company deposits 14,000 of its profit at the end of each quarter into a money market account that pays 1.55% interest, compounded quarterly.
Question a how much in dollars will they can't be worth in two years?
Question b how much in dollars will the account be worth in 3 1/2 years? 
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The Analysis And Use Of Financial Statements
Authors: Gerald I. White, Ashwinpaul C. Sondhi, Haim D. Fried
3rd Edition
0471375942, 978-0471375944
