Suppose that every 3 months, you deposit $958 into a savings account whose annual rate is 1.7%

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Suppose that every 3 months, you deposit $958 into a savings account whose annual rate is 1.7% with quarterly compounding. How much will you have in the account after 8 years?

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Principles of Finance

ISBN: 978-1285429649

6th edition

Authors: Scott Besley, Eugene F. Brigham

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Posted Date: Jul 25, 2023 03:59 AM

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Suppose that every 3 months, you deposit $958 into a savings account whose annual rate is 1.7%

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To calculate the future value of the savings account after 8 years we can use t... View the full answer

Principles of Finance

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