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May 22, 2015

Homework Help: Annuities

Posted by Scott Ingraham on Sunday, April 13, 2008 at 4:45pm.

Vic French mad deposits of 5000 at the end of each quarter to book bank, which pays 8% intrest compounded quarterly. After 3 years, Victor made no more deposits. What will be the balance in the account 2 years after the last deposit? I do not understand how to figure out this problem whats so ever. I have been trying to figure out this out via texas instrument calculator using the N,I/Y,PV,PMT.FV Help

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