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Deposits of 8000 are made every quarter to accumulate a fund at the end of 7 years.
A. What would be the value of the fund after the last deposit if the interest rate is 10% compounded semi-annually
B. What would be the value of the fund after the last deposit if the interest rate is 10% compounded quarterly?
C. What would be the value of the fund after the last deposit if the interest rate is 10% compounded bi-monthly?
D. What would be the value of the fund after the last deposit if the interest rate is 12% compounded monthly?
E. What would be the value of the fund after the last deposit if the interest rate is 12% compounded weekly?
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Gump is perfect for this job as there are not many world famous ping pong players who have a following similar to his.
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