Question
You wish to accumulate a total of $ 46,779 for a special purpose exactly 6 years from now. You will make deposits quarterly , with
You wish to accumulate a total of $ 46,779 for a special purpose exactly 6 years from now. You will make deposits quarterly, with the first one exactly 9 quartersfrom now and the last one exactly 6 years from now. The savings rate is 13.25 % compounded quarterly. How much total interest does the bank contribute towards your accumulation?
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The Business Of Personal Finance
Authors: Joseph Calandro Jr, John Hoffmire
1st Edition
1032104562, 978-1032104560
