.Three years ago,an amount of RM3,000 was deposited in a savings account that paid interest at 4.5% compounded quarterly. Today,another RM1,500 is deposited into the account. Find the accumulated amount at the end of eight years from the initial deposit.(RM6167.50)
.Three years ago,an amount of RM3,000 was deposited in a savings account that paid interest at 4.5% compounded quarterly. Today,another RM1,500 is deposited into the account. Find the accumulated amount at the end of eight years from the initial deposit.(RM6167.50)
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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10.Three years ago,an amount of RM3,000 was deposited in a savings account
that paid interest at 4.5% compounded quarterly. Today,another RM1,500 is
deposited into the account. Find the accumulated amount at the end of eight
years from the initial deposit.(RM6167.50)
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