Carolina wants to invest $3,000 at the beginning of each of the next 15 years, at an interest rate of 6% per year compounded annually. Then, you want to invest that amount from it in an investment company for another 5 years at an annual interest rate compounded quarterly of 12%. The question is: How much Carolina could receive at the end of each of the other last 5 years?

Answer rating: 100% (QA)

SOLUTION To calculate how much Carolina could receive at the end of each of the last 5 years we need to first calculate the future value of the 15 ann... View the full answer