Question
You are hoping to buy a new boat 3 years from now, and you plan to save $4,200 per year, beginning one year from today.
You are hoping to buy a new boat 3 years from now, and you plan to save $4,200 per year, beginning one year from today. You will deposit your savings in an account that pays 5.2% annual interest and compounded quarterly. How much will you have just after you make the 3rd deposit, 3 years from now?
| $11,973 | ||
| $12,603 | ||
| $13,267 | ||
| $13,280 |
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International Finance Putting Theory Into Practice
Authors: Piet Sercu
1st edition
069113667X, 978-0691136677
