If you make quarterly deposits of $1000 for 15 years into an account that compounds interest at 1.5% per month, what is the value F at end of the 15-years period. (Ans. $297,381.08) (Draw the Cashflow)

If you make quarterly deposits of $1000 for 15 years into an account that compounds interest at 1.5% per month, what is the value F at end of the 15-years period. (Ans. $297,381.08) (Draw the Cashflow)

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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If you make quarterly deposits of $1000 for 15 years into an account that compounds
interest at 1.5% per month, what is the value F at end of the 15-years period. (Ans. $297,381.08)
(Draw the Cashflow)

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