Maurice Tutor

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    Argosy University/ Phoniex University/
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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 21 Oct 2017 My Price 3.00

amount of money

the table below gives the amount of money. Kal Tech has been depositing quarterly to have equipment replaced at the end of 3 years. the financial institution paid an interest rate of 3% per quarter for the first two years and 2% per quarter for year 3. Determine the accumulation the company will have at the end of 3 years

Quarter 1 2 3 4 5 6 7 8 9 10 11 12
Deposit 5K 5.1K 5.2K 5.3K 5.4K 5.5K 5.6K 5.7K 5.8K 5.9K 6.0K 6.1K
 
 

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Maurice Tutor
(5)
Status NEW Posted 21 Oct 2017 11:10 AM My Price 3.00

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