A deposit of 2500 has been accumulated at 1275 compounded


Question: A deposit of $2,500 has been accumulated at 12.75%, compounded monthly for 3.5 years, after which an additional deposit of $500 is made, followed by another deposit of $700 a year after that. How much will have accumulated after a total of six years?

Solution Preview :

Prepared by a verified Expert
Chemistry: A deposit of 2500 has been accumulated at 1275 compounded
Reference No:- TGS02851980

Now Priced at $10 (50% Discount)

Recommended (98%)

Rated (4.3/5)