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Author Question: A man put aside $5710.00 at the end of every 3 months for seven years. How much will he have six ... (Read 81 times)

ss2343

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Question 1

For the last four years Joe Thiesman has made deposits of $300.00 at the end of every six months earning interest at 5.7% compounded semi-annually. If he leaves the accumulated balance for another ten years at 3.2% compounded quarterly, what will the balance be in Joe's account?

Question 2

A man put aside $5710.00 at the end of every 3 months for seven years. How much will he have six years after the least deposit, if his account earned 5.6% p.a. compounded quarterly?


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Marked as best answer by ss2343 on Jun 6, 2019

deja

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ss2343

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Reply 2 on: Jun 6, 2019
Great answer, keep it coming :)


CAPTAINAMERICA

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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