A sum of money is deposited at the beginning of each year for 3 years at 12% compounded annually. After the last deposit interest for the account is to be 8.24% compounded quarterly and the account is to be paid put by payments of $370.00, made at the beginning of each quarter for nine years. what is the size of the annual deposit?

Answer rating: 100% (QA)

Heres how to find the size of the annual deposit 1 Future Value of Deposits LetPbe the annual deposi... View the full answer