You want to have $ 50000 in the bank after 20 years. If the bank pays 12% compounded quarterly. How much you deposit at

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answerhappygod
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You want to have $ 50000 in the bank after 20 years. If the bank pays 12% compounded quarterly. How much you deposit at

Post by answerhappygod »

You want to have $ 50000 in the bank after 20 years. If the bank
pays 12% compounded quarterly. How much you deposit at the end of
each month to have this amount of money at the end of 20 years/ The
bank pays simple interest on the money which is deposited during
the quarter, but interest is credited to the account and begins to
draw interest itself only at the end of a quarter
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