Connor has made deposits of $224.00 into his savings account at the end of every three months for 14 years. If interest is 12 % per annum compounded monthly and he leaves the accumulated balance for another 3 years, what would be the balance in his account then?

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05-06-2024
Business

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Connor has made deposits of $224.00 into his savings account at the end of every three months for 14 years. If interest is 12 % per annum compounded monthly and he leaves the accumulated balance for another 3 years, what would be the balance in his account then?

Sagot :

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Connor has made deposits of $224.00 into his savings account at the end of every three months for 14 years. If interest is 12 % per annum compounded monthly and he leaves the accumulated balance for another 3 years, what would be the balance in his account then?

Sagot :

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