Homework Solutions  
» Home
  

See All Homework
Questions here

Question Description

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

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?


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