Suppose that $12,000 is placed in a bank account at the end of each quarter over...

Suppose that $12,000 is placed in a bank account at the end of each quarter over the next 15 years. What is the future worth at the end of 14 years when the interest rate is 8.75% compounded Quarterly?

A) $258,033

B) $257,840

C) $255,145

D) None of these

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Expert Solution

Rahul Sunny answered 1 year ago

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