Solution-How many years ago did buy term deposit

How many years ago did buy term deposit

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Problem 1: You invested $12,000 in a term deposit that paid 7.5% compounded quarterly. If the term deposit is now worth $17,120, how many YEARS ago did you buy term deposit? Leave your answer in 2 decimal points.

Reference no: EM132822694

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How many years ago did buy term deposit

Reference no: EM132822694

Reference no: EM132822694

Questions Cloud

Reviews

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Managerial Accounting Questions & Answers

Manage budgets and financial plans

Prepare a retained earnings statement

Prepare a master budget for the three-month period

Construct the companys direct labor budget

Evaluate the predetermined overhead rate

Determine the company''s bid

Compute the pool rates for the different activities

Prepare Company financial statements

Prepare an analysis of terracycles

Discuss the ethical issues

Political resources in emerging markets

Management accounting - ehsan electronics company

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