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Homework answers / question archive / Suppose you deposit $1,000 at the end of each quarter for 5 years at an interest rate of 10% compounded monthly

Suppose you deposit $1,000 at the end of each quarter for 5 years at an interest rate of 10% compounded monthly

Economics

Suppose you deposit $1,000 at the end of each quarter for 5 years at an interest rate of 10% compounded monthly. What equal end-of-year deposit over 5 years would accumulate the same amount at the end of 5 years under the same interest compounding? Quarters 0 1 2 3 4 5 6 7 $ 9 10 11 12 13 14 15 16 17 18 19 20 TIT ITT $1,000 Years 2 A ?

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