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Posted by: Annie kavitha
Price Quoted by Student: $3
Posted On: 2010-08-04 03:03:31

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?

SOLUTION Year cash flow Present val
Price $3
Attachment 1: you just deposited.doc
Solution Posted By: Annie kavitha    Posted on: 04-08-2010