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) Avery deposits a tax refund of $235 in an account paying 2.4% interest compounded quarterly. How much is in the account aft
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Answer #1

(2) r = 2.3% = 0.023, t = 20, PV = 235.
Now, FV = PV*(1 + rt) = 235 * (1 + (0.023*20)) = $343.10.

D Here, PV = 235, q=24%, n=20, To find, fra pv (1+mjan SAD 00.30 = 235(1+ 0,024 jóo @ = 235. (1.006)* - $ 379, 2332.- $ 379,2

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