Mrs. Cook has made deposits of $950 at the end of every 6 months for 15 years.

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Mrs. Cook has made deposits of $950 at the end of every 6 months for 15 years. If interest is 3% compounded monthly, how much will Mrs. Cook have accumulated 10 years after the last deposit?

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Question Posted: Feb 26, 2016 03:59 AM

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Mrs. Cook has made deposits of $950 at the end of every 6 months for 15 years.

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Amount after 15 years 95000 i 025 n 30 c 122 6 p 10025 6 1 1015094 1 15094 ...View the full answer

Contemporary Business Mathematics with Canadian Applications

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