You just deposited $1,000 in a bank account that pays a 6.0% nominal interest rate, compounded quarterly. If you also ad
Posted: Wed Jul 06, 2022 6:28 pm
You just deposited $1,000 in a bank account that pays a 6.0%nominal interest rate, compounded quarterly. If you also addanother $5,000 to the account one year (4 quarters) from now andanother $7,500 to the account two years (8 quarters) from now, howmuch will be in the account three years (12 quarters) from now?
a. $14,788.31
b. $14,045.81
c. $14,759.02
d. $13,702.50
e. $16,140.85
a. $14,788.31
b. $14,045.81
c. $14,759.02
d. $13,702.50
e. $16,140.85