Answered: IF you deposit $300 each quarter into…

IF you deposit $300 each quarter into an account earning 3.2% compunded quarterly, how many years will it take the account to grow to $15,000.

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 1P

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IF you deposit $300 each quarter into an account earning 3.2% compunded quarterly, how many years will it take the account to grow to $15,000.

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