Calculate how much you should save quarterly if you want to collect 30 000 PLN in 4

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Calculate how much you should save quarterly if you want to collect 30 000 PLN in 4 years if the yearly interest rate on the market is 12% (quarterly capitalisation).

a. about 6277.07 PLN

b. about 1488.12 PLN

c. about 2388.33 PLN

d. about 9877.19 PLN

Related Book For answer-question

Survey of Accounting

ISBN: 978-0538749091

5th Edition

Authors: Carl S Warren

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Posted Date: Jan 12, 2021 05:00 AM

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Calculate how much you should save quarterly if you want to collect 30 000 PLN in 4

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We wuld like to collect 30000 PLN in 4 years FV 30000 m Number of quarters in a year m 4 n ... View the full answer

Survey of Accounting

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