SOLUTION: Find the balance of the account after;
2 years if K3000 is invested at 8% per annum.interest compounded quarterly
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Question 1192354: Find the balance of the account after;
2 years if K3000 is invested at 8% per annum.interest compounded quarterly
Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
Find the balance of the account after;
2 years if K3000 is invested at 8% per annum.interest compounded quarterly
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2 years = 8 quarters
8%/yr = 2% per quarter
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FV = 3000*(1 + 0.02)^8
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