Question
Find the accumulated value of quarterly deposits of three hundred dollars each immediately after the 32 deposit If the deposits earn 10% quarterly for the first five years and 12% for the last three years.
Answers
Anonymous
S = R[(1+i)n - 1]/i
S1 = 300[(1.008333)^20 - 1]/.008333
S2 = 300[(1.01)^12 - 1]/.01
S1 = 300[(1.008333)^20 - 1]/.008333
S2 = 300[(1.01)^12 - 1]/.01