Busıness Fınance I Deneme Sınavı Sorusu #851906

Sinan left 200 Turkish Liras in a bank account for the next 2 years which is compounded quarterly under an annual interest rate of 8%. What would be the future value of the saving at the end of the deposit term?


287.78

344,03

578.52

234.2

365.58


Yanıt Açıklaması:

Periodic rate:2%

Number of periods: 8

200*(1+0.02)*(1+0.02)*......(1+0.02)(8 times)= 234.2

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