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    jennyjenn's Avatar
    jennyjenn Posts: 1, Reputation: 1
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    #1

    Oct 12, 2007, 04:38 PM
    What is the quarterly payment?
    What quarterly payment is necessary to accumulate $1.5million over 15 years if the effective annual interest rate is 12.55%, compounded quarterly? Assume payments are made at the end of each quarter.
    peter vaz's Avatar
    peter vaz Posts: 1, Reputation: 1
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    #2

    Jun 14, 2010, 05:34 AM
    How much months means quarterly mode
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