Catelyn makes deposits of $1242 at the beginning of every 6 months into an account earning 6.68% compounded quarterly. How much will she have after 2 years?

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 10PROB
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Catelyn makes deposits of $1242 at the
beginning of every 6 months into an account
earning 6.68% compounded quarterly.
How much will she have after 2 years?
Transcribed Image Text:Catelyn makes deposits of $1242 at the beginning of every 6 months into an account earning 6.68% compounded quarterly. How much will she have after 2 years?
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