You want to start to save for a major purchase. You can invest P320 every three months for 3 years and 9 months and you can earn 5.34% compounded quarterly. What is the amount of interest that you make during the entire term? * 95346.01 95275.58 2951.66 O 2964.36

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
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You want to start to save for a major purchase. You can invest P320 every three
months for 3 years and 9 months and you can earn 5.34% compounded
quarterly. What is the amount of interest that you make during the entire term? *
85346.01
B5275.58
2951.66
O 2964.36
Transcribed Image Text:You want to start to save for a major purchase. You can invest P320 every three months for 3 years and 9 months and you can earn 5.34% compounded quarterly. What is the amount of interest that you make during the entire term? * 85346.01 B5275.58 2951.66 O 2964.36
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