Present Value of Savings Assignment | Homework For You
For the last 5 years Paul has made deposits of $108.00 at the end of every three months earning interest at 8 %compounded quarterly. If he leaves the accumulated balance for another 7 years at 6% compounded monthly, what will the balance be in the account?
The balance will be $.
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Get Finance homework help today