In order for you to obtain $80,000 to purchase a cello in 7 years, how much must be deposited at the end of each quarter at 7% annual interest compounded quarterly? A) $6238.52 B) $3471.62 C) $1864.26 D) $2238.52

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Stock Market Indices

Stock indexes are used to compare the price fluctuations of a group of stocks of similar companies, which are combined based on a similar industry or a particular market capitalization limit or type of market. The price comparison is based on a pre-determined standard method or indicators. These stock indexes are usually considered a base for comparison of a particular stock, and the performance of that particular company can be easily determined.