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28 Sep 2019
An ambituos saver plans to deposit $1,000 in the bank starting 1quarter from now and wants to increase the deposits by $100 eachquarter for the next (5) years. Assuming the deposits earn 6%compounded quartely ,determine how much money will have depositedin the bank account at the end of five years.
An ambituos saver plans to deposit $1,000 in the bank starting 1quarter from now and wants to increase the deposits by $100 eachquarter for the next (5) years. Assuming the deposits earn 6%compounded quartely ,determine how much money will have depositedin the bank account at the end of five years.
Nestor RutherfordLv2
28 Sep 2019