Connor has made deposits of $78.00 into his savings account at the end of every three months for 10 years. If interest is 8% per annum compounded monthly and he leaves the accumulated balance for another 2 years, what would be the balance in his accoun then? The balance in his account would be S (Round the final answer to the nearest cent as needed Round all intermediate values to sox decimal places as needed.)

Connor has made deposits of $78.00 into his savings account at the end of every three months for 10 years. If interest is 8% per annum compounded monthly and he leaves the accumulated balance for another 2 years, what would be the balance in his accoun then? The balance in his account would be S (Round the final answer to the nearest cent as needed Round all intermediate values to sox decimal places as needed.)

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 11PROB

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