For how long must $75 be deposited at the end of each month to accumulate to $9500

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For how long must $75 be deposited at the end of each month to accumulate to $9500 at 6.5% compounded quarterly?

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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 04:01 AM

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For how long must $75 be deposited at the end of each month to accumulate to $9500

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FV 950000 PMT 7500 i 1625 c 412 13 p 101625 16 1 100...View the full answer

Contemporary Business Mathematics with Canadian Applications

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