What is the accumulated value of periodic deposits of $40 at the beginning of every quarter for 19 years if the interest rate is 3.51% compounded quarterly?
What is the accumulated value of periodic deposits of $40 at the beginning of every quarter for 19 years if the interest rate is 3.51% compounded quarterly?
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 31P
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What is the accumulated value of periodic deposits of $40 at the beginning of every quarter for 19 years if the interest rate is 3.51% compounded quarterly?
Round to the nearest cent
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