What is the accumulated value of periodic deposits of $6,000 made into an investment fund at the beginning of every quarter, for 6 years, if the interest rate is 2.50% compounded quarterly? Round to the nearest cent

What is the accumulated value of periodic deposits of $6,000 made into an investment fund at the beginning of every quarter, for 6 years, if the interest rate is 2.50% compounded quarterly? Round to the nearest cent

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 7P

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Question

What is the accumulated value of periodic deposits of $6,000 made into an investment
fund at the beginning of every quarter, for 6 years, if the interest rate is 2.50%
compounded quarterly?
Round to the nearest cent

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