1
answer
0
watching
394
views
28 Sep 2019
Calculate the amount of money that you would hve in your saving account at the end of 12 months if you made the following deposits:
(Month Number, Deposit $): (1, $200), (3, $90), (6, $70), (7, $75), (8, $85), (11, $70).
Assume that the bank pays 6% interest per year, compounded semiannually, and that it pays simple interest on any interperiod deposits.
Calculate the amount of money that you would hve in your saving account at the end of 12 months if you made the following deposits:
(Month Number, Deposit $): (1, $200), (3, $90), (6, $70), (7, $75), (8, $85), (11, $70).
Assume that the bank pays 6% interest per year, compounded semiannually, and that it pays simple interest on any interperiod deposits.
1
answer
0
watching
394
views
For unlimited access to Homework Help, a Homework+ subscription is required.
Lelia LubowitzLv2
28 Sep 2019