Suppose that $12,000 is placed in a bank account at the end of each quarter over the next 15 years. What is the future worth at the end of 15 years when the interest rate is 8.5% compounded...

Suppose that $12,000 is placed in a bank account at the end of each quarter over the next 15 years. What is<br>the future worth at the end of 15 years when the interest rate is 8.5% compounded Continuously?<br>Answers:<br>A. $1,440,771<br>B. $1,436,949<br>C. $1,429,392<br>D. None of the above<br>

Extracted text: Suppose that $12,000 is placed in a bank account at the end of each quarter over the next 15 years. What is the future worth at the end of 15 years when the interest rate is 8.5% compounded Continuously? Answers: A. $1,440,771 B. $1,436,949 C. $1,429,392 D. None of the above

Jun 08, 2022

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Suppose that $12,000 is placed in a bank account at the end of each quarter over the next 15 years. What is the future worth at the end of 15 years when the interest rate is 8.5% compounded...

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