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Author Question: What deposit made at the end of each quarter will accumulate to $20 000.00 in four years at 4% ... (Read 168 times)

asmith134

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Question 1

A $15 000.00 loan requires payments at the end of each month for five years. If the interest rate on the loan is 12% compounded monthly, calculate the size of each payment.

Question 2

What deposit made at the end of each quarter will accumulate to $20 000.00 in four years at 4% compounded quarterly?


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Marked as best answer by asmith134 on Jun 6, 2019

yifu223

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