A person wants to open a small business and according to his investment project he requires $150,000. If you save $8,500 every 4 months in an account that earns you 10% convertible quarterly
A) Determine the number of $8,500 deposits you must make and the final deposit amount (if any).
B) What is the cash value of the project?

Answer rating: 100% (QA)

Answer Solution I Part A Number of deposits 1410 deposit Final deposit amount80425 II Part B Cash v... View the full answer