Suppose you make equal quarterly deposits of $1,000 into a fund that pays interest at a...

Suppose you make equal quarterly deposits of $1,000 into a fund that pays interest at a rate of 12% compounded monthly. Find the balance at the end of year 3.

(can you please sove it with excal and show the formales )

Expert Solution

Balance at the end of year 3 = $14216.322

Explanation:

Balance at the end of year 3

Rahul Sunny answered 2 years ago

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