If you make quarterly deposits for 3 years (beginningone

Chapter 4, Problem 4.72

(choose chapter or problem)

If you make quarterly deposits for 3 years (beginningone quarter from now) into an account thatcompounds interest at 1% per month, the value ofn in the FA factor (for determining F at the end ofthe 3-year period) is:(a) 3 (b) 4 (c) 12 (d) 16

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