Homework answers / question archive / If a single payment of $4,500 at time 0 and $240 per quarter deposits in years 2 through 6( a total of 17 deposits) are deposited at an interest rate of 6% per quarter, compounded quarterly, the money in the savings account at the end of year 6 would be closest to: Select one: a

If a single payment of $4,500 at time 0 and $240 per quarter deposits in years 2 through 6( a total of 17 deposits) are deposited at an interest rate of 6% per quarter, compounded quarterly, the money in the savings account at the end of year 6 would be closest to: Select one: a

Economics

Share With

If a single payment of $4,500 at time 0 and $240 per quarter deposits in years 2 through 6( a total of 17 deposits) are deposited at an interest rate of 6% per quarter, compounded quarterly, the money in the savings account at the end of year 6 would be closest to: Select one: a. $30,665 b. $24,991 C. $31, 151 d. $12, 159