If you make quarterly deposits of $1000 for 15 years into an account that compounds interest at 1.5% per month, what is the value F at end of the 15-years period. (Ans. $297,381.08) (Draw the Cashflow)

If you make quarterly deposits of $1000 for 15 years into an account that compounds interest at 1.5% per month, what is the value F at end of the 15-years period. (Ans. $297,381.08) (Draw the Cashflow)

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 8EA: You put $250 in the bank for S years at 12%. A. If interest is added at the end of the year, how...

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If you make quarterly deposits of $1000 for 15 years into an account that compounds
interest at 1.5% per month, what is the value F at end of the 15-years period. (Ans. $297,381.08)
(Draw the Cashflow)

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