is deposited each year into a bank account that pays 8% interest compounded quarterly how much would be accommodated in his fund  by the end of the fourth year. the first payment occurs at time zero. draw the complete diagr

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter5: The Time Value Of Money
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suppose that 4,500 pesos is deposited each year into a bank account that pays 8% interest compounded quarterly how much would be accommodated in his fund  by the end of the fourth year. the first payment occurs at time zero. draw the complete diagram. 

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