To purchase a specialty guitar for his band, for the last three years JJ Morrison has made payments of $118 at the end
Posted: Sat Feb 19, 2022 3:40 pm
To purchase a specialty guitar for his band, for the last three
years JJ Morrison has made payments of $118 at the end of each
month into a savings account earning interest at 5.97% compounded
monthly. If he leaves the accumulated money in the savings account
for another four years at 6.11% compounded quarterly, how much
will he have saved to buy the guitar?
years JJ Morrison has made payments of $118 at the end of each
month into a savings account earning interest at 5.97% compounded
monthly. If he leaves the accumulated money in the savings account
for another four years at 6.11% compounded quarterly, how much
will he have saved to buy the guitar?