Contemporary Engineering Economics 6th Edition by Chan Park

تمرين 94

A series of equal end-of-quarter deposits of $1,000 extends over a period of three years. It is desired to compute the future worth of this quarterly deposit series at 12% compounded monthly. Which of the following equations is correct
(a) F = 4($1,000)( F / A , 12%, 3)
(b) F = $1,000( F / A , 3%, 12)
(c) F = $1,000( F / A , 1%, 12)
(d) F = $1,000( F / A ,3.03%, 12)