Maurice Tutor

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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 02 Jan 2018 My Price 4.00

number of compounding

31.      How much must you deposit at the end of each quarter in an account that pays a

nominal  interest  rate  of  20  percent,  compounded  quarterly,  if  at  the  end   of five years you want $10,000 in the account? (Hint: In working with the compound interest tables when solving this  problem,  you  need  to  adjust  the  interest  rate and the number of compounding periods to reflect quarterly, rather than annual, compounding.)

 

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Maurice Tutor
(5)
Status NEW Posted 02 Jan 2018 11:01 PM My Price 4.00

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