1. what quarterly deposits at the end of each quarter should be made into a savings account...
Fantastic news! We've Found the answer you've been seeking!
Question:
1. what quarterly deposits at the end of each quarter should be made into a savings account paying the nominal interest of 4% compounded quarterly to accumulate $10,000 at the end of 10 years?
2. Faith buys a used car by paying a $500 down payment plus $180 a month for 3 years. what was the price of the car if the interest rate on the loan is the nominal interest rate of 9% compounded monthly?
Related Book For
Finite Mathematics and Its Applications
ISBN: 978-0134768632
12th edition
Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair
Posted Date: