Delia Martin has saving that she can deposit in the end of every specified compounding...
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Accounting
Delia Martin has saving that she can deposit in the end of every specified compounding period of Five savings accounts for a 10 year period to accumlate its Rs. 200,000. Bank A compounds interest on an annual basis Bank B compounds interest twice each year Bank C compounds interest each quarter. Bank D compounds interest each Monthly Bank F compounds interest continously All Five banks have a stated annual interest rate of 12%.
1. How much must be deposited in a period to accumlate the amount. 2 What if deposited at start of every period.
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