4 পয়েন্ট 1. Assume that 1 year from now you plan to deposit $4,000 in a savings account that pays a nominal rate of 8%.
Posted: Sun Apr 10, 2022 8:44 am
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4 পয়েন্ট 1. Assume that 1 year from now you plan to deposit $4,000 in a savings account that pays a nominal rate of 8%. a) If the bank compounds interest annually, how much will you have in your account 4 years from now? b) What would your balance be 4 years from now if the bank used quarterly compounding rather than annual compounding?