please make answer clear 18. Assume that a bank pays you 4%...
60.1K
Verified Solution
Link Copied!
Question
Accounting
please make answer clear
18. Assume that a bank pays you 4% interest per (every) quarter on a savings account. (The periodic rate is 4%, and the 4% is paid every 3 months.) Assume that you save $200,000 in that account today. How much will you have in that account exactly one year from today
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
