If money can be deposited at 8 compounded quarterly find


An investment of $13,335 earns 6% interest compounded monthly for 3 years. (a) What is the value of the investment after 3 years? (b) If money can be deposited at 8% compounded quarterly, find the present value of the investment. Round to the nearest cent.

Solution Preview :

Prepared by a verified Expert
Mathematics: If money can be deposited at 8 compounded quarterly find
Reference No:- TGS02852840

Now Priced at $10 (50% Discount)

Recommended (98%)

Rated (4.3/5)