FOR 40 POINTS!!!!! PLEASE ANSWER THE QUESTION!!!!!!!! And i will mark you brainlist
Classify the deposit investment:
You want to put a $30,000 down payment on a storefront for a new business that you plan on opening in 5 years. How much should you deposit quarterly into an account with an interest rate of 1.23%, compounded quarterly?
What amount would you have if you deposited $1,800 a year for 30 years at 8 percent (compounded annually)? $1,800 113.28 = $203,904 (TVM Table-Page 41) 5.
