You want to calculate what is the accumulated value after 15.50 years of deposits of $500.00 earning interest at 4.00% compounded semi-annually if the deposits are made at the end of each quarter? Find p (the equivalent rate of Interest per payment period) Select one: 

a. 0.0392305

b. 0.0045129 

c. 0.0404

d. 0.0099505

e. 0.0668115

Answer rating: 100% (QA)

Value of deposit 500 interest rates ... View the full answer