If you also add another 5000 to the account one year 12


You just deposited $2,500 in a bank account that pays a 12% nominal interest rate, compounded quarterly. If you also add another $5,000 to the account one year (12 months) from now and another $7,500 to the account two years from now, how much will be in the account three years (12 quarters) from now?

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: If you also add another 5000 to the account one year 12
Reference No:- TGS0608887

Expected delivery within 24 Hours