Question
Which of the following equation is correct? For computing the future worth for an equal quarterly deposits of $1500, if the interest rate is 6%
Which of the following equation is correct? For computing the future worth for an equal quarterly deposits of $1500, if the interest rate is 6% compounded monthly and the period is 5 years?
F = $1500(F/A, 2%, 12)
F = $1500(F/A, 1.507%, 20)
F = $1500(F/A, 0.5%, 60)
F = 4($1500)(F/A, 5%, 5).
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Fundamental accounting principle
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
21st edition
1259119831, 9781259311703, 978-1259119835, 1259311708, 978-0078025587
