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August 5, 2015

Homework Help: Annuities

Posted by Scott Ingraham on Saturday, April 12, 2008 at 9:50pm.

Victore French mad a deposit of 5000 at the end of ech quarter to book bank, which pays 8% intrest compounded quarterly. After 3 years, Victor made no more depostis. What will be the banance in the account 2 years after the last deposit. I have not a clue on how to figure this one out here. I dont know if i have to set up a time line again here or not. I am using a texas instruments calculator here to figure these out on that. HELP

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