A client wants to compute the estimated future value of a bank account. The account pays...
A client wants to compute the estimated future value of a bank account. The account pays a semiannual rate of 4% (EPR). The client is investing in the account on a biweekly basis. What is the appropriate EPR to be able to solve for an estimated future value for the client?
Homework Answers
EPR = (1 + annual rate)(1/noofperiods)
the appropriate EPR to be able to solve for an estimated future value for the client is mentioned above
Thanks
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A client wants to compute the estimated future value of a bank
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