Future Value
Question # 00045637
Posted By:
Updated on: 01/31/2015 10:36 PM Due on: 01/31/2015
Suppose you put $200 into a savings account today, the account pays a nominal annual interest rate of 6 percent, but compounded quarterly, and you withdraw $200 after 3 months. What would your ending balance be 10 years after the initial $200 deposit was made
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Rating:
/5
Solution: Future Value