Mr. Quintua Invested 2500 at a local bank at an interest of 4.5% compounded bi-quarterly. After 5years he deposited another 2500 at the same bank with the same rate and compounding period. What isthe total amount at the end of 12 years.

Mr. Quintua Invested 2500 at a local bank at an interest of 4.5% compounded bi-quarterly. After 5years he deposited another 2500 at the same bank with the same rate and compounding period. What isthe total amount at the end of 12 years.

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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