If you deposit $620 every month for the next 9 years, with first deposit to be made today and all deposits to be made at the beginning of every year, in an account that pays 8.73% APR with quarterly compounding, how much money you'll have at the end of the 9th year?

If you deposit $620 every month for the next 9 years, with first deposit to be made today and all deposits to be made at the beginning of every year, in an account that pays 8.73% APR with quarterly compounding, how much money you'll have at the end of the 9th year?

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 25P

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