Caruso is planning to save 268327 dollars every quarter for, Ask an Expert

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Caruso is planning to save 2,683.27 dollars every quarter for 12 years. He plans to make his first savings contribution in 3 months from today. If he currently has 7,385 dollars and expects to have 187,413.64 dollars in 12 years from today, then what is the EAR that he expects to earn? Answer as a rate in decimal format so that 12.34% would be entered as .1234 and 0.98% would be entered as .0098.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92701586

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