Annuities
You invest $1000 every three months at 3.6% compounded quarterly.
(a) What will your investment be worth after 18 months.
(b) How much interest have you earned?
Important This is not a 'textbook on a screen' - this is an interactive learning system. Which means you have to 'act' to make it go.
Look through the options below and select the one you think is the best response. You will gain most benefit if you work the problem with pen and paper as you go, i.e. decide what you think is the correct option and write down what you think the result will be before you click. If the next step doesn't display, click another option.
What the first thing you need to do?
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