Suppose you deposit $1,000 in three payments of $333.333 each on January 1 of 2010, 2011, and
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Suppose you deposit $1,000 in three payments of $333.333 each on January 1 of 2010, 2011, and 2012. How much will you have in your account on January 1, 2012, based on 8% annual compounding? ow much will be in your account if the three payments begin on Jan 1, 2011?
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Sol In yeal 2010 Painciple R AMount affeu 2012 333333 A P1 A 333333 1082 3D 38879 In year 2... View the full answer
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