How much is in the fund immediately after the 20th deposit of $1000?

Deposits of $2000 are made every 6-months for 6-years in a fund that pays interest at j2 = 8%. Just after the 12th deposit, the interest rate changes to j4 = 8% and quarterly deposits of $1000 are now made, first deposit 3 months after the interest rate change.

1 Answer

  • Anonymous
    4 weeks ago

    STOP CHEATER...........

Still have questions? Get your answers by asking now.