Question
You open a savings account on Jan 1, 2008, with a $1000. The interest rate stated on this account is 4%, compounded quarterly. What will
You open a savings account on Jan 1, 2008, with a $1000. The interest rate stated on this account is 4%, compounded quarterly. What will your savings account be worth on December 31, 2012, assuming you made no deposits or withdrawals from the account?
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Personal Finance
Authors: Jeff Madura, Hardeep Singh Gill
3rd Canadian Edition
978-0133035575, 133035573, 978-0133970524, 133970523, 978-0134040042
