Payments of $500.00 are made at the beginning of each month for four years. The interest rate is 4.5% compounded monthly. If no further deposits are made
a) Calculate the accumulated value twelve years after the first deposit.
b) Calculate the amount deposited.
c) Calculate the interest.
Correct Answer:
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= 0.00375; I/Y = 4.5; P/Y = ...View Answer
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