Suppose you deposit $1,000 at the end of each quarter for 5 years at an interest of 8% compounded
continuously. What equal end-of-year deposit over 5 years would accumulate the same amount at the end of 5
years under the same interest compounding (8%, compounded continuously) ? To answer the question, which of
the following is correct?
A)
B)
C)
D) None of the above
Correct Answer:
Verified
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