A family wants to begin saviving for a trip to paris. The trip is planned for 3 years from now, and the family wants to accumulate one million shillings for the trip, if twelve deposits are made quartely to an account which earns interest at the rate of 8 percent per year compounded quartely, how much should each deposit equal?, How much interest will be earned on their deposits?

Answer 1

did this for you yesterday

http://www.jiskha.com/display.cgi?id=1447865841

Answer 2

Thanks Reiny