Samuel is saving for a holiday. He deposits a fixed amount every quarter in a bank account with an EAR of 14.7%. If this account pays interest every quarter then how much should he save from each quarter paycheck in order to have $14,000 in the account in four years' time? 

Answer rating: 100% (QA)

To determine how much Samuel should save from each quarterly paycheck to have 14000 in the acc... View the full answer