What single amount on October 1, 1997, is equal to a series of $1000 quarterly deposits made

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What single amount on October 1, 1997, is equal to a series of $1000 quarterly deposits made into an account? The first deposit occurs on October 1, 1997 and the last deposit occurs on January 1, 2011. The account earns 13% compounded continuously.

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Engineering Economics

ISBN: 9780195168075

9th Edition

Authors: Ted G. Feller

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Question Posted: Mar 01, 2010 04:46 AM

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What single amount on October 1, 1997, is equal to a series of $1000 quarterly deposits made

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Continuous compounding Effective interest rate quarter year e 0134 1 003303 3...View the full answer

Engineering Economics

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